Zhejiang East Crystal Electronic announced that the share transfer agreement by Li Qingyue, a shareholder holding more than 5% of the company's shares and the former largest shareholder, to Ningbo Ningju has completed the transfer registration with the China Securities Depository and Clearing Corporation. Li Qingyue plans to transfer 14.5 million shares of the company he holds (accounting for 5.96% of the total share capital) to Ningbo Ningju for a price of 90.915 million yuan. After this share transfer agreement, Li Qingyue will hold 16.6804 million shares, accounting for 6.85% of the total share capital, becoming the third largest shareholder of the company; Ningbo Ningju will hold 14.5 million shares, accounting for 5.96% of the total share capital, becoming the fifth largest shareholder. The largest shareholder of the company has changed to Blue Ocean Investment Control. This share transfer agreement will not change the status of the company without a controlling shareholder or actual controller, nor will it affect the company's governance structure, main business, and sustainability of operation.