Gelonghui July 14th 丨China Telecom Research (688128.SH) announcedAfter inquiring with institutional investors, the initial transfer price was 22.00 yuan/share, 90.91% of the closing price of China Electronics Research shares at 24.20 yuan/share on the day the company's shareholders inquired for the transfer and purchase.The number of institutional investors participating in this inquiry and transfer quotation was 2, covering professional institutional investors such as private equity fund managers and fund management companies.It was initially determined that the transferees were 2 investors, and the total number of shares to be transferred is 4,045,000 shares.