TIMES: The transfer of shares through agreement has completed the registration procedures, and the Guangzhou State-owned Assets Supervision and Administration Commission has become the actual controller of the company

TIMES announced that previously, the company's controlling shareholder, Rugao Xintai Investment Co., Ltd., signed a "Share Transfer Agreement" with Guangzhou Light Industry and Trade Group Co., Ltd. Xintai Investment intends to transfer 29.99% of the company's shares to Guangzhou Light Industry Group. At the same time, Xintai Investment, TEDA Investment, and Tairan Investment have waived the voting rights corresponding to part of the shares. The share transfer under this agreement was completed on September 22, 2025, and the "Securities Transfer Registration Confirmation" issued by China Securities Depository and Clearing Corporation Limited was obtained. After the change in equity, Guangzhou Light Industry Group became the company's controlling shareholder, and the Guangzhou State-owned Assets Supervision and Administration Commission became the actual controller of the company