Shanggong Shenbei: Suspension due to planned changes in controlling shareholders

On November 27th, Jin10 Data reported that Shanggong Shenbei announced that the company’s largest shareholder, Pu Ke Fei Ren, and its indirect controlling shareholder, Hong Tian Yuan Partnership, are planning to transfer their property share protocol, which may lead to changes in Pu Ke Fei Ren’s control. As a result, the A shares and B shares of the company’s stock will be suspended from trading from the opening of the market on November 28th, 2024, and the expected suspension time will not exceed 2 trading days. As of the announcement date, Pu Ke Fei Ren holds 60 million A-share stocks of Shanggong Shenbei, accounting for 8.41% of the total share capital. This matter is not expected to cause changes in the company’s control, and the company remains a listed company without controlling shareholders or actual controllers. The company will fulfill its information disclosure obligations in a timely manner based on the progress of the matter.