Gelonghui November 29丨Lao Fengxiang (600612.SH) announced that Central Land Integration (Shanghai) Arts and Crafts Equity Investment Center (Limited Partnership) (Limited Partnership) (“Arts and Crafts Fund”) (“Arts and Crafts Fund”) plans to transfer 3.30% of its non-state shares held by Shanghai Laofengxiang Co., Ltd. (“Laofengxiang Co., Ltd.”) to China Huarong Asset Management Co., Ltd. (“China Huarong”) and Taian Qianxing Equity Investment Fund Partnership (Limited Partnership) (Limited Partnership) (“Tai'an Qianxing Fund”), Nanjing Hehegu Enterprise Management Partnership (Limited Partnership), Nanjing Hehegu Enterprise Management Partnership (Limited Partnership) Called “Nanjing He “Hegu”), Ningbo Junhe Tongxiang Enterprise Management Partnership (Limited Partnership) (“Ningbo Junhe Tongxiang” for short). The total amount of equity transfers was RMB 688,814,577.57.
Laofengxiang Co., Ltd. is a holding subsidiary of Laofengxiang Co., Ltd. The company and its wholly-owned subsidiary China No.1 Pencil Co., Ltd. relinquished the priority purchase rights of the above transferred shares.