Controlling Shareholder of TJCD Plans to Divest Up to 71.988 Million Shares

Stock News04-21

TJCD (02515) has announced that the company has been informed by its controlling shareholder, Mr. Wang Wenbin, of his intention to sell a portion of the company's shares through his controlling entity, Shengyuan Group Holding (Tianjin) Co., Ltd., by April 30, 2026. The proposed sale is subject to percentage restrictions under applicable laws of the People's Republic of China. The total number of shares to be sold by Shengyuan Holding via block trades shall not exceed 71.988 million shares, representing approximately 27.80% of the total issued shares of the company as of the date of this announcement. The company has been informed that, assuming no change in the total issued shares by the completion date of the proposed sale, Mr. Wang will remain the beneficial owner of 85.5089 million shares, representing approximately 33.02% of the issued shares, and will continue to be one of the controlling shareholders of the company as defined under the listing rules. The proposed sale will not result in any change of controlling shareholder.

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