Jiahua Co., Ltd.: The actual controller will change to the Shandong Provincial State-owned Assets Supervision and Administration Commission. The stock will resume trading tomorrow.

Everyday AI Express, April 8th, Jiuhua Co., Ltd. (603182.SH) announced that the company’s actual controller has made further progress in planning the change of control. Shandong Land Development Group Co., Ltd. and transferors such as Zhang Guanling signed the “Share Transfer Agreement with Conditions Precedent” and related voting rights waiver and解除一致行动协议, the company signed a share subscription agreement with Land Group. After this change is completed, the company’s controlling shareholder will be changed to Land Group, and the actual controller will be changed to the State-owned Assets Supervision and Administration Commission of Shandong Province. Given that the relevant matters are clear, the company’s stock will resume trading from the opening of the market on April 9th upon application. This transaction still requires approval from the state-owned asset management department, antitrust review, compliance review by the Shanghai Stock Exchange, and registration with the China Securities Regulatory Commission, among other procedures, and there is uncertainty.