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ST Tonglu: Wu Yuhua and Chen Xiaoqi will become the actual controllers of the company and resume trading from Tomorrow

Every AI express, on March 22, ST Tonglu announced that Anji Zhonghong intends to transfer 5.0047% of the company's shares through an agreement transfer; Wu Yuhua and Chen Xiaoqi intend to increase their stake in 2 million shares of Tonglu shares through the secondary market in the next three months, accounting for a total of 1% of the company's total share capital; Suqian Zhongsheng intends to subscribe for 100 million shares of the company, accounting for 20% of the total share capital of the company after the issuance. Anji Zhonghong and Suqian Zhongsheng are jointly controlled companies by Wu Yuhua and Chen Xiaoqi, who each hold 50% of the shares. Wu Yuhua and Chen Xiaoqi signed the Concerted Action Agreement, which collectively owns 24.8% of the company's shares (after the completion of the non-public offering), Wu Yuhua and Chen Xiaoqi will be changed to the actual controllers of the company. Trading of the Company's A shares will resume at the opening of the market on Tuesday, March 23, 2021.

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