Leading Company in Modified Materials Changes Hands!

On the evening of August 8, Hangzhou Hi-Tech released an announcement stating that the controlling shareholder, Zhejiang Donghang Holdings Group Co., Ltd. ("Donghang Group"), Beijing Jurong Weiye Energy Technology Co., Ltd. ("Jurong Weiye"), Hu Min, and Jurong Energy (Xinjiang) Co., Ltd. have signed the "Share Transfer Agreement of Hangzhou High-Tech Materials Technology Co., Ltd."

Donghang Group intends to transfer 24.1059 million shares of the company (accounting for 19.03% of the total share capital) it holds to Jurong Weiye through an agreement transfer. The transfer price is 20.53 yuan per share, with a total transfer consideration of approximately 495 million yuan.

The announcement shows that after the completion of this equity change, Jurong Weiye will acquire 24.1059 million shares of the company and the corresponding voting rights. The controlling shareholder of Hangzhou High-tech will change from Donghang Group to Jurong Weiye, and the actual controller will change from Hu Min to Lin Rongsheng.

From 2022 to 2024, Hangzhou High-tech's operating revenues were 368 million yuan, 389 million yuan, and 384 million yuan, respectively, while its net profit after deducting non-recurring items was -32.37 million yuan, -39.48 million yuan, and -25.44 million yuan, respectively.