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Hubei Chaozhuo Aviation Technology (688237.SH) to See Change in Controlling Shareholder to Hubei SASAC, Trading Resumes Dec 1

Stock News2025-11-28

Hubei Chaozhuo Aviation Technology Co., Ltd. (688237.SH) announced that its controlling shareholders and actual controllers Li Guangping, Wang Chunxiao, and Li Yihan have signed a Share Transfer Agreement and a Voting Rights Waiver Agreement with Hubei Transportation Investment Capital Co., Ltd. Under the agreements, Li Guangping, Wang Chunxiao, and Li Yihan will transfer a combined 18.7584 million shares (representing 20.93% of the company's total shares) to Hubei Transportation Investment Capital. Additionally, Li Yihan has agreed to waive non-property rights such as proposal and voting rights for all remaining shares held beyond the transferred portion. Upon completion of the transfer, the controlling shareholder will change from Li Guangping, Wang Chunxiao, and Li Yihan to Hubei Transportation Investment Capital, while the actual controller will shift to the State-owned Assets Supervision and Administration Commission of Hubei Provincial People's Government. The company's shares will resume trading on December 1.

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