Gelonghui reported on December 11 that Zhejiang Orient Financial Holdings Group (600120.SH) announced it received a notification from its shareholder, Tongxiang Guotou, which holds more than 5% of the shares. Tongxiang Guotou has signed an agreement for the free transfer of state-owned shares with its wholly-owned subsidiary, Run Tong Holdings, intending to transfer 298,013,245 shares of the company's unrestricted circulation shares (accounting for 8.73% of the company's total share capital) to Run Tong Holdings free of charge. This free transfer has been approved by the board of directors and shareholders of both parties. As of the date of this announcement, Tongxiang Guotou directly holds 298,013,245 shares of the company, accounting for 8.73% of the company's total share capital; Run Tong Holdings does not hold any shares of the company. After the completion of this free transfer, Tongxiang Guotou will no longer directly hold shares of the company, and Run Tong Holdings will directly hold 298,013,245 shares of the company.