CTCG: Plans to purchase part or all of the equity of Runtian Industrial, stock suspended

CTCG announced that due to planning to issue shares and pay cash to purchase part or all of the equity of Jiangxi Runtian Industrial Co., Ltd. and raise supporting funds, the company's stock will be suspended from trading starting May 15, 2025, with the suspension expected to last no more than 10 trading days. The transaction is expected to constitute a major asset restructuring as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies," and will not result in a change of the company's actual controller, nor will it constitute a restructuring listing. The counterparties include Jiangxi Maitong Health Beverage Development Co., Ltd. and Jiangxi Runtian Investment Management Co., Ltd., and the transaction method has yet to be determined. The company will actively promote various tasks and fulfill its information disclosure obligations in a timely manner