On July 16, 2025, Hoshine Silicon (SH: 603260) announced that it had received notice from its controlling shareholder, Ningbo Hoshine Group Co., Ltd., regarding a share transfer agreement. Due to its own funding needs and considerations for the listed company’s development, Hoshine Group signed the Share Transfer Agreement of Hoshine Silicon Co., Ltd. with Xiao Xiugen. The agreement stipulates the transfer of 60 million unrestricted tradable shares (representing 5.08% of the company’s total shares) at RMB 43.90 per share via a block trade, with a total transaction value of RMB 2.634 billion.
Prior to this equity change, Hoshine Group and its concerted parties held 929,105,229 shares of Hoshine Silicon, accounting for 78.59% of the company’s total shares. Following the transfer, their holdings will decrease to 869,105,229 shares, or 73.51% of the total shares.
The transaction does not involve a change in control of the company and does not trigger a mandatory tender offer. The equity adjustment will not alter the company’s controlling shareholder or actual controller, nor will it significantly impact corporate governance or ongoing operations.
