Zhitong Finance App News, Kehua Biotech (002022.SZ) announced that the company's largest shareholder, Zhuhai Baolian, plans to transfer its 257.151,000 shares (5% of the company's total share capital) to Xi'an Zhitong. The share transfer price is RMB 20 yuan/share, the total share transfer price is RMB 514 million, and it plans to entrust the voting rights corresponding to the holding of 547.217 million shares of the company (10.64% of the company's total share capital) to Xi'an Zhitong free of charge, irrevocably and exclusively.

After the transaction is completed, Xi'an Zhitong will directly hold 5% of the company's shares and control 10.64% of the company's voting rights through voting delegation. In total, it will control 15.64% of the company's voting rights. At the same time, it will achieve substantial control over the company through control of the company's board of directors.

After the transaction is completed, the status of the company having no controlling shareholder or actual controller will change. Xi'an Zhitong will become the controlling shareholder of the company, and Mr. Peng Niancai, the actual controller of Xi'an Zhitong, will become the actual controller of the company.