China Czech Resources announced that the company's largest shareholder, Yuhuan Hengjie Entrepreneurship Investment Partnership Enterprise (Limited Partnership) (referred to as "Yuhuan Hengjie"), signed a "Share Transfer Agreement" with its controlling shareholder Yuhuan State-owned Assets Investment and Operation Group Co., Ltd. (referred to as "Yuhuan State-owned Investment") on September 19, 2024, planning to transfer its holdings of 129,605,889 unrestricted tradable shares (accounting for 10.75% of the company's total share capital) to Yuhuan State-owned Investment at a price of 1.35 yuan per share through an agreement transfer. This share transfer agreement is for the company's largest shareholder to transfer shares to its controlling shareholder through an agreement transfer, not involving reducing holdings in the market, not triggering a tender offer. The company is currently still in a state without a controlling shareholder or actual controller, which will not have a significant impact on the company's governance structure and ongoing operation. This share transfer agreement is subject to compliance review by the Shenzhen Stock Exchange before it can be processed for share transfer registration by the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited. There is uncertainty as to whether it can be eventually completed.