Fengyuan Pharmaceutical: Controlling shareholders have signed a share transfer intention agreement. The actual controller has changed to the State-owned Assets Supervision and Administration Commission of Bengbu City Government.

date
09/07/2026
Fengyuan Pharmaceutical announced that the controlling shareholder Anhui Fengyuan Group Co., Ltd. and Bengbu Investment Group Co., Ltd. have signed an "Intention Agreement for Share Transfer". Bengbu Investment Group intends to acquire 1.09 billion shares of the company, accounting for 23.52% of the total share capital, held by the consistent actors of Fengyuan Group through an agreement transfer. This share transfer involves a change in the controlling shareholder and the actual controller of the company. If completed, the controlling shareholder of the company will change from Fengyuan Group to Bengbu Investment Group, and the actual controller of the company will change from Mr. Li Rongjie to the Bengbu Municipal Government State-owned Assets Supervision and Administration Commission. The agreement signed is only an intention agreement for share transfer, and the matter is currently in the intention stage with uncertainties.