E-HUALU plans to transfer a 31.7727% equity stake in Guofurui for a consideration of 500 million yuan
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E-HUALU announced that it will transfer 31.7727% of the equity of its controlling subsidiary GuoFuRui through a private agreement, with a transfer price of 500 million yuan. After the transfer, E-HUALU will hold 22.2037% of GuoFuRui's equity, while Electric Science Investment will hold 31.7727%. Despite the change in equity structure, E-HUALU will still control 51% of the voting rights of GuoFuRui through an agreement with Hualu Capital and the entrustment of Electric Science Investment, maintaining its controlling position
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