Shanghai Haixin Group Co Ltd ALargest shareholder plans to transfer 10% stake via public solicitation, potentially changing the largest shareholder, but approval and transferee remain uncertain.

Haixin Co. announced on October 11 that its largest shareholder, Hunan Ningrui Investment Partnership, and its concert party Hunan Caixin Economic Investment Co., Ltd. together hold 14.98% of the company's equity. Ningrui Investment holds 142 million shares, accounting for 11.73% of total share capital, while Caixin Economic Investment holds 39.29 million shares, accounting for 3.25%. Ningrui Investment plans to transfer 121 million unrestricted tradable shares, representing 10% of the company's total share capital, through public solicitation of a transferee. This matter may lead to a change in the company's largest shareholder. The public solicitation transfer still needs approval from the state-owned assets supervision and administration authority or other competent institutions before it can be implemented. Whether approval can be obtained and the timing of approval remain uncertain, and the transferee also remains uncertain before completion of the public solicitation transfer procedures. Specific information such as the timing of the public solicitation and transferee qualification requirements will be disclosed by the company later. In the first half of 2026, Haixin Co. achieved revenue of 312 million yuan and net profit attributable to the parent company of 129 million yuan.
Shanghai Haixin Group Co Ltd ALargest shareholder plans to transfer 10% stake via public solicitation, potentially changing the largest shareholder, but approval and transferee remain uncertain.
Ningrui Investment is the seller transferring 121 million shares (10% stake) through public solicitation, with outcome uncertain.
Concert party of the largest shareholder holding 3.25%; its stake is context for the planned 10% transfer, no independent development.