Gelonghui July 21 (Jiangnan High Fiber (600527.SH) announcedMr. Tao Guoping and Mr. Tao Ye have a father-son relationship. In order to make a smooth transition and train a new generation of successors, Mr. Tao Guoping and Mr. Tao Ye signed the share transfer Agreement on July 19, 2023. Mr. Tao Guoping intends to transfer his 14.25% shares to Mr. Tao Ye.
After this change of rights and interests, Mr. Tao Ye directly held 373472006 shares of the company, accounting for 21.57% of the total share capital, and the company's controlling shareholder and actual controller was changed from Mr. Tao Guoping to Mr. Tao Ye.