Kangsheng Stock: GAC Commercial Vehicle plans to transfer 5% of the shares

A Kangsheng Stock Announcement on December 2nd stated that Geely Commercial Vehicle, a 5% shareholder of the company, and Jiangsu Ruijin have signed a share transfer protocol. Geely Commercial Vehicle plans to transfer 56.82 million unrestricted circulating shares held by the company to Jiangsu Ruijin at a transfer price of 2.4 yuan per share, with a total transfer amount of 137 million yuan. After the share transfer, Geely Commercial Vehicle will no longer hold company stocks, and Jiangsu Ruijin will hold 56.82 million shares of the company, accounting for 5.00% of the total share capital.