SACA: The concerted parties of the controlling shareholder intend to transfer 6.99% of the company's shares through an agreement

SACA announced that on August 15, 2025, its controlling shareholder's concerted actor, Xingye Investment, signed a Share Transfer Agreement with Wang Xiaodong. Xingye Investment will transfer its 32 million unrestricted circulating shares of the company to Wang Xiaodong at a price of 4.5 yuan per share, with a total transfer price of 144 million yuan. After the transfer is completed, Wang Xiaodong will hold 32 million shares of the company, accounting for 6.99% of the total share capital, becoming a shareholder with more than 5% ownership in the company. Wang Xiaodong has committed not to reduce his holdings in the company within 12 months. This transfer is subject to compliance review by the Shenzhen Stock Exchange and the completion of share transfer registration procedures at the Shenzhen branch of China Securities Depository and Clearing Corporation Limited