Lanzhou Zhuangyuan Pasture (002910.SZ) announced on September 27th that the controlling shareholder of the company, Gansu Agricultural Reclamation Group Co., Ltd. (hereinafter referred to as "Gansu Agricultural Reclamation Group"), and the concerted actioner Lanzhou Zhuangyuan Investment Co., Ltd. (hereinafter referred to as "Zhuangyuan Investment") plan to transfer the 30,894,700 shares (15.80% of the total share capital of the company) they hold to Gansu Agricultural Reclamation Group free of charge (referred to as "this no-cost transfer" or "this equity change").
After the completion of this no-cost transfer, the direct shareholding ratio of Gansu Agricultural Reclamation Group in the company will increase from 1.97% to 17.77%, while the total number and proportion of shares held by the controlling shareholder and its concerted actioner remain unchanged.