Fulin Transportation: Company control is proposed to change; stock resumes trading from April 2

People’s Finance and News, April 1—Fulin Transportation (002357) announced on April 1 that the company’s controlling shareholder, Yongfeng Group Co., Ltd. (hereinafter referred to as “Yongfeng Group”), and Dongyang Dongwang Lianhang Enterprise Management Partnership Enterprise (Limited Partnership) (hereinafter referred to as “Dongwang Lianhang”) signed the “Share Transfer Agreement regarding Shares of Sichuan Fulin Transportation Group Co., Ltd. between Yongfeng Group Co., Ltd. and Dongyang Dongwang Lianhang Enterprise Management Partnership Enterprise (Limited Partnership).” Yongfeng Group plans to transfer the company shares it holds—56.43M shares (representing 18% of the company’s total share capital)—to Dongwang Lianhang at a price of 14.18 yuan per share, for a total transfer consideration of 800 million yuan. Yongfeng Group has committed that within 36 months from the date of share delivery as stipulated in the Share Transfer Agreement, it will waive the voting rights corresponding to 15.6744 million shares (representing 5% of the listed company’s total share capital) out of the 37.3052 million shares it holds in the listed company (representing 11.9% of the listed company’s total share capital). If the implementation of this equity change is completed, the company’s controlling shareholder will be changed from Yongfeng Group to Dongwang Lianhang, and the actual controller will be changed from Liu Feng to the State-owned Assets Supervision and Administration Office of the People’s Government of Dongyang City (hereinafter referred to as “Dongyang SASAC”). Upon the company’s application, the company’s shares will resume trading from the opening of the market on April 2 (Thursday) morning.