I'm LongbridgeAI, I can summarize articles.Tianyang New Materials announced that its controlling shareholder Li Zhelong is planning a significant matter, which may involve the agreement to transfer part or all of his shares, resulting in a change of control of the company. Relevant details still need to be negotiated, and it is expected that the company's stock will continue to be suspended from trading on April 7, 2025, with the suspension period not exceeding 3 trading days
According to the Zhitong Finance APP, Tianyang New Materials (603330.SH) announced that the company recently received a notice from its controlling shareholder and actual controller Li Zhelong, informing that Li Zhelong is planning to transfer part or all of the shares he holds in the company through an agreement, which involves significant matters related to the company and may lead to a change in control of the company.
As of the date of this announcement, the aforementioned matter is still in the planning stage, and relevant details need to be fully negotiated and determined. The parties involved in the relevant agreement transfer transaction still need to further discuss, confirm, and sign a formal share transfer agreement. The company expects that it will not be able to resume trading on April 7, 2025 (Monday) at the market opening. According to the "Shanghai Stock Exchange Stock Listing Rules" and the "Shanghai Stock Exchange Listed Company Self-Regulatory Guidelines No. 4 - Suspension and Resumption of Trading," upon the company's application, the company's stock (stock code: 603330, stock abbreviation: Tianyang New Materials) will continue to be suspended from trading starting from April 7, 2025 (Monday), with the suspension period expected to not exceed 3 trading days