Zhejiang Furun (600070): Progress In Equity Transfer Of Controlling Shareholders

Zhejiang Furun (600070) announced on the evening of September 23 that the controlling shareholder of the company, Furun Holding Group Co., Ltd. (hereinafter referred to as "Furun group") signed with Guoxin Huaxia Information System Group Co., Ltd. (hereinafter referred to as "Guoxin Huaxia") and Zhejiang Guoxin Chengzhi Information Technology Co., Ltd. (hereinafter referred to as "Guoxin Chengzhi") on August 17, 2021 In the acquisition agreement on the acquisition of shares of the company (hereinafter referred to as the "acquisition agreement"), Furun Group intends to transfer 46980000 shares (9% of the total share capital of the company) held by Furun group to Guoxin Chengzhi at the transfer price of RMB 8.411 per share. For details, please refer to the company's website of Shanghai Stock Exchange (www.sse. Com. CN) Notice on the signing of the acquisition agreement on the company's share acquisition and the change of equity by relevant parties (Announcement No.: 2021-044).

Up to now, the transfer of shares by Furun group to Guoxin Chengzhi is still in the process of handling. Guoxin Chengzhi is performing the audit process before the payment of share transfer payment, which is in line with the arrangement of the acquisition agreement. After receiving 70% of the total share transfer price, Furun group and Guoxin Chengzhi will jointly apply for transfer procedures with Shanghai Branch of China securities registration and Clearing Co., Ltd.