According to Zhitong Finance App, Youan Design (300983.SZ) announced that Shanghai Paiwo Building Decoration Design Engineering Co., Ltd. (“Paiwo Project”), the shareholder of the company's holding subsidiary, Shanghai Paiwo Architectural Design Engineering Co., Ltd. (“Paiver Project”), plans to transfer 49% of its shares to its related natural person Zang Tao. The total share transfer transaction price is RMB 490,000. The company intends to relinquish the priority transfer right of this share transfer.

The current transfer of shares by the minority shareholders of Euan Paivo is an act of business integration between the shareholder and its affiliates. It does not involve a change in the company's control of Euan Paivo, nor does it affect the corporate interests of the company and Euan Paivo.