Gelonghui, January 3, 丨 ST Ankai (000868.SZ) announced that the company received the “Letter of Intent on the Transfer of Ankai Bus Shares Agreement” from shareholders Anhui Jianghuai Automobile Group Co., Ltd. (“JAC”) and Anhui Investment Group Holdings Co., Ltd. (“Anhui Investment”) on September 16, 2019 and January 21, March 30, and July 30, 2020, respectively, and supplementary agreements (2) and supplementary agreements (3). According to the agreement, JAC plans to transfer its 94,229,418 shares (12.85% of the company's total share capital) to CRRC Industrial Investment Co., Ltd. (“CRRC”), and Anhui Investment plans to transfer its 61,992,602 shares (8.45% of the company's total share capital) to CRRC. If the implementation of this transfer is completed, JAC will no longer be the controlling shareholder of the company, and CRRC will hold 156,222,020 shares of the company (accounting for 21.30% of the company's total share capital) and become the controlling shareholder of the company. The actual controller of the company was changed from the Anhui Provincial State-owned Assets Administration Commission to the State Council's State-owned Assets Administration Commission.

The company received a letter from JAC and CRRC Industrial Investment on December 31, 2020. According to the agreement, JAC, Anhui Investment, and CRRC Industrial Investment hope to reach a final agreement on the transfer before December 31, 2020, and all parties have made their best efforts to this end. However, due to factors such as the epidemic and implementation of internal decision-making procedures, the specific cooperation methods of the parties have not yet been determined, and it is impossible to complete the signing of the final transaction agreement on December 31, 2020.

In order to protect the interests of listed companies, shareholders and investors of listed companies, and to maintain the effectiveness of the supervision and management of state-owned assets, the aforementioned parties will not re-sign supplementary agreements on the extension of the letter of intent. In the future, all parties will maintain communication on equity cooperation matters.