Geelong Hui on November 11th, CNFC Overseas Fisheries (000798.SZ) announced that the actual controlling shareholder, China National Agricultural Development Group Co., Ltd. (hereinafter referred to as 'China Nongfa Group'), intends to transfer 22.14% equity (equivalent to 81,003,133 shares) of CNFC Overseas Fisheries and 100% equity of Zhoutou Company to China Fisheries Co., Ltd. (hereinafter referred to as 'Zhongshui Company'). China Best Agriculture Assets Operation Co., Ltd. (hereinafter referred to as 'Huafu Assets') also intends to transfer 11.76% equity (equivalent to 43,009,713 shares) of CNFC Overseas Fisheries to Zhongshui Company.

The company received letters notifying the completion of the transfer of equity without consideration from Huafu Assets and China Nongfa Group on November 8, 2024, as well as the 'Confirmation of Securities Transfer Registration' issued by China Securities Registration and Clearing Corporation Limited provided by Zhongshui Company, and learned that the transfer of state-owned equity was completed on November 6, 2024.

After the completion of the transfer of state-owned equity, China Nongfa Group indirectly holds 33.90% and 17.78% equity of CNFC Overseas Fisheries through Zhongshui Company and Zhoutou Company, respectively, and indirectly holds 0.87% equity of CNFC Overseas Fisheries through Huafu Assets. The total indirect shareholding is 52.54%. China Nongfa Group no longer directly holds shares of CNFC Overseas Fisheries. The controlling shareholder of CNFC Overseas Fisheries has changed to Zhongshui Company, with no change in the actual controlling shareholder, which remains China Nongfa Group.