Changdian Technology Announces Share Transfer of Shares of Shareholder Big Fund and Xinde Semiconductor

On March 26, Changdian Technology announced that its shareholders, the Big Fund and Xinde Semiconductor, had signed share transfer agreements with Panshi Hong Kong. The Big Fund plans to transfer its 9.74% stake in the company to Panshi Hong Kong or its affiliates at a price of RMB 29 per share; Xinde Semiconductor plans to transfer its 12.79% stake in the company to Panshi Hong Kong or its affiliates at a price of RMB 29 per share. After the completion of this share transfer, Panshi Hong Kong or its affiliates will hold 22.54% of Changdian Technology's shares and become the company's controlling shareholder, and the actual controller will be changed to China Resources.