Gelonghui, February 21, 丨 China Tianhua Chemical (00362.HK) announced that the company was informed by Mr. Tang Yiduan, the single largest shareholder of the company, that Mr. Tang sold a total of 132 million shares of the company to Mr. Zhang Hong on February 21, 2024 at a price of HK$0.15 per share, which is equivalent to about 16.04% of the company's total issued share capital on the date of this announcement.
Following the sale, Mr. Tang will not hold any shares and is no longer the company's single largest shareholder. Mr. Zhang holds 202 million shares, which is equivalent to about 24.61% of the company's total issued share capital, and has become the company's single largest shareholder.
The board of directors believes that the change in the company's single largest shareholder will not have a significant adverse impact on the Group's daily operations.