On June 27, Glorious Sun Enterprises (00202.HK) announced that the board of directors has been notified by the company's chairman and non-executive director Jiang Zhaobo that on June 27, 2024, he signed a share transfer agreement, under which he will transfer 51% of the issued share capital of Rich Monitor Limited and Pengxin Holdings Limited to his son Jiang Xiaoheng (an executive director of the company). As of the date of this announcement, Rich Monitor Limited holds 1.1333 billion shares of the company, accounting for approximately 15.54% of the total issued share capital of the company, and Pengxin Holdings Limited holds 908.91 million shares of the company, accounting for approximately 12.46% of the total issued share capital of the company. Both Rich Monitor Limited and Pengxin Holdings Limited are major shareholders of the company.

Following the completion of the above-mentioned transfer, Jiang Zhaobo will no longer hold any equity in Rich Monitor Limited and Pengxin Holdings Limited, and will therefore not be a shareholder of the company. Jiang Xiaoheng became the sole beneficial owner of Rich Monitor Limited and Pengxin Holdings Limited, and is therefore deemed to have an equity interest in 20.4221 billion shares of the company, accounting for approximately 28% of the total issued share capital of the company as of the date of this announcement.