According to the Zhitong Finance App, Suotong Development (603612.SH) issued an announcement. Recently, the company paid attention to a media publication of the article “Involving Over 50 Listed Companies! The secret story of “Market capitalization manipulation” and the “secret path” of majority shareholders' holdings reduction, private equity fund risk-free arbitrage”, which involves the company's controlling shareholders increasing the number of concerted actors and transferring shares between those acting in concert is untrue.
On February 17, 2022, Mr. Lang Guanghui, the controlling shareholder of the company, transferred the company's unlimited tradable shares to the private equity products Xuanyuan Private Equity Fund Investment Management (Guangdong) Co., Ltd. - Xuanyuan Kexin 181 Private Equity Investment Fund (“Xuanyuan Kexin No. 181”) and Xuanyuan Private Equity Fund Investment Management (Guangdong) Co., Ltd. - Xuanyuan Kexin 182 Private Equity Investment Fund No. 182 (“Xuanyuan Kexin 182” for short) in a bulk transaction, accounting for the company's total shares at the time 00% Since the transfer of shares to Xiang Xuanyuan Kexin No. 181 and Xuanyuan Kexin No. 182, the controlling shareholder Mr. Lang Guanghui and his co-actors have strictly complied with the provisions of relevant laws and regulations and the above commitments, and have not reduced their holdings of the company's shares.
As a listed company, since listing, the company has strictly complied with the corresponding procedures and information disclosure obligations in accordance with relevant laws, administrative regulations, departmental regulations, regulatory documents and supervisory rules. The information disclosed was true, accurate, and complete, and there were no illegal acts such as manipulating stock prices.