Chengxing Co., Ltd.: Huaxi Group intends to transfer 16.01% of the company's shares to Jiangyin Lianying.

On the evening of May 16, Chengxing Group announced that its shareholder Jiangsu Huaxi Industrial Group Co., Ltd., holding more than 5% of the company's shares, transferred 106 million shares of the company it held to Jiangyin Lianying M&A Investment Partnership Enterprise for 511 million yuan through an agreement transfer. This change in equity will not result in a change in the controlling shareholder or actual controller of the company. After this change in equity, Jiangyin Lianying will hold 16.01% of the company's shares, becoming a shareholder holding more than 5% of the company; Huaxi Group no longer holds company shares.