Li Ba Holdings: Shareholders holding over 5% of the company's shares plan to transfer 14% of the company's shares through an agreement.

announced that its shareholder Yancheng Dongfang Group, who holds over 5% of the company's shares, holds 22.08% of the company's shares. They plan to transfer 37,285,897 shares through public solicitation, accounting for approximately 14.00% of the total share capital, all of which are unlimited circulating shares. This transfer will not result in a change of the company's controlling shareholder or actual controller. Approval from state-owned assets authorities and other relevant departments is still required, and uncertainties exist in the transfer process and subsequent procedures. The transfer price will not be lower than the higher of the arithmetic average of the stock's trading prices for the 30 days prior to the announcement date and the audited net asset value per share of the previous accounting year.