KDTECH's actual controller is expected to change to the Zhuzhou State-owned Assets Supervision and Administration Commission, and trading will resume on September 8

According to the Zhitong Finance APP, KDTECH (002516.SZ) announced that its controlling shareholder and actual controller, Shen Jialiang, signed a "Share Transfer Agreement" with Zhuzhou Qichuang No. 1 Industrial Investment Partnership (Limited Partnership) (referred to as "Zhuzhou Qichuang") on September 5, 2025. Shen Jialiang intends to transfer 412 million shares of the company through the agreement, accounting for 28% of the company's total share capital, with a total transaction price of 2.22 billion yuan for the transferred shares. On the same day, Shen Jialiang and his concerted actors signed the "Voting Rights Waiver Agreement," "Voting Rights Waiver Commitment Letter," and "Non-Control Commitment Letter" with Zhuzhou Qichuang. According to the "Voting Rights Waiver Agreement," Shen Jialiang and his concerted actors will unconditionally and irrevocably waive their voting rights corresponding to all remaining shares they hold (a total of 327 million shares, accounting for 22.21% of the company's total share capital) from the date of delivery.

If this share transfer agreement is completed, the company's controlling shareholder will change from Shen Jialiang to Zhuzhou Qichuang, and the actual controller of the company will change to the State-owned Assets Supervision and Administration Commission of the People's Government of Zhuzhou City. The company's stock will resume trading on September 8, 2025 (Monday) at the opening