River Chemical Co., Ltd.: Controlling shareholder agreement to transfer 23.76% of the company's shares.

River shares announcement, the company's controlling shareholder Ningbo Yinyi Holdings Co., Ltd. signed a share transfer agreement with Ningbo Zhongzhe Ruihe Enterprise Management Consulting Co., Ltd., transferring its 87 million shares of the company held by Yinyi Holdings to Zhongzhe Ruihe, with a total transfer price of 632 million yuan. After this equity change is completed, Yinyi Holdings will no longer hold any shares of the company, and Zhongzhe Ruihe will become the controlling shareholder of the company, with Yang Herong becoming the actual controller of the company. This share transfer still needs to obtain approval from the Shenzhen Stock Exchange and complete the transfer registration procedures with China Securities Depository and Clearing Corporation Limited.