Zhongheng Group: Controlling shareholder intends to change to Guangtou Financial Holdings

Zhongheng Group Announcement: Guantou Group will increase its capital and expand its shares in Guangtou Financial Holding by using its 859 million shares it holds in the company, with a total consideration of 4.071 billion RMB. After the completion of this transfer, Guangtou Financial Holding will directly hold 859 million shares of the listed company, accounting for 26.89% of the total share capital of the company, becoming the controlling shareholder of the listed company. Guangtou Financial Holding and its concerted action party Yijian Group collectively hold 964 million shares of the listed company, accounting for 30.16% of the total share capital of the company. The actual controller of the company remains Guangxi State-owned Assets Supervision and Administration Commission. This share transfer still requires compliance confirmation from the Shanghai Stock Exchange and transfer registration procedures at the Shanghai branch of China Securities Depository and Clearing Corporation Limited.