Yifan Transmission's actual controller plans to transfer 4.665 million shares for about 113 million yuan

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Yifan Transmission announced on the evening of October 8 that its controlling shareholder and actual controller Liu Jincheng signed a share transfer agreement with the Guolian Tianyi Flexible Allocation No. 11 Collective Asset Management Plan, managed by Guolian Securities Asset Management Co., Ltd., to transfer approximately 4.665 million unrestricted tradable shares at 24.2 yuan per share, representing 5% of total share capital, for a total consideration of about 113 million yuan. Before the transfer, Liu Jincheng held 31.3115 million shares, or 33.56% of the company; after the transfer, his stake will drop to 28.56%, while Flexible Allocation No. 11 will hold 5% and become the company's fourth-largest shareholder. The asset management plan was established on October 8, 2026, the same day the agreement was signed. The transfer price will be paid in three installments, at 20%, 40%, and 40% respectively, with the first two payments conditional on the asset management plan actually receiving sufficient investor participation funds to fully cover the transfer price. A representative from Yifan Transmission's securities department confirmed to National Business Daily that the transferee has already raised funds and will pay in three batches, but did not provide a clear timetable for when the funds will be in place, saying only that progress is still being advanced. The transfer still needs to obtain compliance confirmation from the Shenzhen Stock Exchange and complete the transfer registration. If the Shenzhen Stock Exchange does not issue a confirmation opinion within 30 working days from the date it accepts the complete application materials, either party has the right to unilaterally terminate the agreement.

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Others▲
Jiangnan Yifan Motor Co.Ltd
301023
± MixedCapitalrelevance

Controlling shareholder Liu Jincheng agreed to transfer 5% of Yifan Transmission for about 113 million yuan, cutting his stake to 28.56%, pending Shenzhen Stock Exchange confirmation

Guolian Securities Co Ltd
601456
± MixedCapitalrelevance

Guolian Securities' asset-management unit is the transferee of the 5% stake, but the deal is Yifan Transmission's controlling-shareholder transfer, not a Guolian corporate event