Sino Wealth's controlling shareholder plans to change to Zhineng Gongdian, resuming trading on June 10

Sino Wealth announced that its controlling shareholder, Weilang International Group, has signed a share transfer agreement with Shanghai Zhinen Industrial Electric, intending to transfer 48.4854 million unrestricted circulating shares, accounting for 14.20% of the total share capital. At the same time, Weilang International will delegate the voting rights of the remaining shares to Zhinen Industrial Electric for a period of 24 months. If implemented, Zhinen Industrial Electric will control 23.40% of the shares, the controlling shareholder will change to Zhinen Industrial Electric, and the actual controller will change to no actual controller. The company's stock will resume trading on June 10, 2025