CRRC Auto Repair transferred 3 million shares of Tianhuayuan to China Chemical Rubber

- Jul 10, 2019-

On July 8, Qingdao Tianhuayuan Chemical Engineering Co., Ltd. (Tianhuayuan. 600579.SH) issued a notice on the change of shareholders' equity. CRRC Auto Repair (Group) Co., Ltd. (hereinafter referred to as “Zhongche Auto Repair”) transferred its 3 million shares in Tianhuayuan to China Chemical Rubber Co., Ltd. (hereinafter referred to as “China Chemical Rubber”).


The announcement shows that Tianhuayuan received the notice from the controlling shareholder China Chemical Equipment Global Holdings (Hong Kong) Co., Ltd., and its concerted action, CRRC Auto Repair and China Chemical Rubber signed the Share Transfer Agreement on December 3, 2018. CRRC Auto Repair transferred its 3 million shares in Tianhuayuan to China Chemical Rubber at a price of 25.2 million yuan. According to the “Registration Confirmation Confirmation” provided by China Securities Depository and Clearing Co., Ltd. on July 5, 2019, the 3 million shares of the company held by CRRC Auto Repair have been transferred to China Chemical Rubber, and the transfer date is 2019. July 4th.


It is worth noting that as of the date of this announcement, the transferor and the transferee of the above-mentioned “Share Transfer Agreement” are subject to the actual control of China National Chemical Corporation. The change in equity is a change in the composition of the controlling shareholder of the controlling shareholder. The car auto repair has become China Chemical Rubber, and the number of shares held by the company has not changed.


The composition of the controlling shareholder and its concerted action before and after this change in equity is as follows:


According to public information, Tianhua Institute is located at No. 3 Jinling Industrial Park, Zhuhonghong, Chengyang District, Qingdao City, Shandong Province. The representative of the statutory law is Bai Yuping. The business scope includes machinery, anti-corrosion equipment, computer development, production and sales; import and export of goods and technology. ;Realtor. Tianhuayuan's operating income in the first quarter of 2019 reached 2.307 billion yuan, a decrease of 0.41% over the same period of the previous year. The net profit attributable to shareholders of listed companies was -61.98 million yuan, a decrease of 346.17% over the same period of the previous year.