Controlling Shareholder Plans to Change to Yanfeng Digital, *ST Busen Resumes Trading Starting March 23

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Beijing Business Daily (Reporter Wang Manlei) reported that on the evening of March 20, *ST Busen (002569) announced that Guangzhou Yanfeng Digital Technology Co., Ltd. (hereinafter referred to as “Yanfeng Digital”) will become the company’s controlling shareholder, and Wang Bo, the actual controller of Yanfeng Digital, will become the company’s actual controller. The company’s stock will resume trading on March 23.

The announcement shows that the controlling shareholder of *ST Busen, Weitongchuang, plans to transfer 21,333,800 shares of the company (accounting for 14.81% of the total share capital) to Yanfeng Digital through an agreement transfer. The total transaction price for this share transfer is 301.5755 million yuan, with a corresponding unit price of 14.136 yuan per share. After the completion of this transaction, Yanfeng Digital will become the company’s controlling shareholder, and Wang Bo, the actual controller of Yanfeng Digital, will become the company’s actual controller.

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