CCA's control is set to change: Yufu Holdings signs share transfer agreement

On October 10, 2025, Chongqing CCA's indirect controlling shareholder, Yufu Holdings, signed a "Share Transfer Agreement" with China National Machinery Group and China National Machinery Instrument & Meter Company. Previously, China National Machinery Group and its subsidiaries planned to acquire 19.26% of the shares and accept the voting rights of 10.65% of the shares to gain control, and subsequently planned to acquire no less than 10% of the shares. Yufu Holdings intends to transfer 54,668,322 shares to China National Machinery Instrument & Meter Company at a price of 24.206 yuan per share, totaling 1.323 billion yuan. The agreement has been approved by the state-owned assets regulatory authority and has come into effect, terminating the original "Voting Rights Entrustment Agreement." This change of control still requires approval from the state-owned assets management authority and compliance confirmation from the Shanghai Stock Exchange, which carries uncertainty, and the company will disclose progress in a timely manner