XTAD: Agricultural Reclamation Group acquires 40.32% of shares

XTAD announced that the State Investment Group will transfer its 40.32% stake in XTAD to the Agricultural Reclamation Group without compensation. This acquisition occurs between different entities controlled by the same actual controller and does not result in a change of the actual controller of XTAD. The acquirer meets the circumstances exempt from making an offer as per the "Measures for the Administration of Acquisitions of Listed Companies." The relevant matters involved in this acquisition have undergone necessary internal decision-making procedures and have received approval from the State-owned Assets Supervision and Administration Commission of the First Division. The Agricultural Reclamation Group and the State Investment Group have signed a share transfer agreement. The acquirer, the Agricultural Reclamation Group, is a wholly-owned subsidiary of the State Investment Group, which is 95.12% owned by the State-owned Assets Supervision and Administration Commission of the First Division. This acquisition does not involve employee placement or the handling of debts and claims. The acquirer commits that this summary report does not contain false records, misleading statements, or significant omissions