Bank of Chongqing Announces Completion of Non-Trading Transfer of 154 Million Shares of Chuanyi Automation

Deep News11-20

On November 20, Bank of Chongqing (BCQ) announced that Chongqing Yufu Capital's controlling shareholder, Chongqing Yufu Holding Group, and other parties had signed relevant agreements. As a result, Guoji Instruments & Meters obtained voting rights for approximately 154 million shares of Chongqing Chuanyi Automation Co., Ltd. (Chuanyi Automation), representing 29.91% of its total voting rights.

Guoji Instruments & Meters has now become the controlling shareholder, with China National Machinery Industry Corporation (Sinomach) acting as the actual controller. Consequently, Chuanyi Automation is no longer an affiliate of Yufu Capital under the concerted action agreement.

Recently, Bank of Chongqing received notification from Yufu Capital confirming the completion of the non-trading transfer of the aforementioned 154 million shares of Chuanyi Automation to Guoji Instruments & Meters.

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