Securities Times reporter Yan Cui

On the evening of May 16crashbandicootit'sabouttimeps5Shengyang Technology (603703) announced that on the same day, the company's actual controllers Ye Liming and Xu Fengjuan and their concerted actions Shengyang Holding Group Co., Ltd., Ye Shengyang, Ye Meiling, Ye Jianzhong and Xinchen Equity Investment Fund Partnership of Yuecheng District, Shaoxing City (Limited Partnership)(referred to as "Xinchen Investment") signed a share transfer agreement to transfer its holdings of Shengyang Technology 3319 through agreement transfercrashbandicootit'sabouttimeps5.860,000 shares (accounting for 8% of the total share capital of the listed company). After negotiation by all parties, the price of this share transfer is 11.53 yuan/share, and the total transfer price is approximately 383 million yuan.

Through the equity structure, the main investor of Xinchen Investment is Shaoxing State-owned Assets. Shengyang Technology stated that the main investor of Xinchen Investment is a local state-owned assets investment platform. This participation in Shengyang Technology is based on recognizing the development direction of Shengyang Technology's satellite communication industry and is willing to give full play to its own advantages to help the listed company achieve its strategic goals.

Shengyang Technology's registered place and office are also located in Shaoxing, Zhejiang. It is mainly engaged in the research and development, production and sales of communication products. At present, it has formed four major industrial fields: wired signal transmission, wireless signal transmission, integrated circuit display and communication base station construction. The products mainly include coaxial cables, data cables, tuner heads, size displays and 5G communication base stations. The products are mainly used in television (cable TV, satellite TV), fixed network, wireless network, satellite communication and other standard signal transmission systems.

"The company has rich experience in R & D and production in the field of communication equipment. The company has included satellite communication terminal manufacturing and localization of key components in the company's development strategy." Shengyang Technology said in its latest announcement.

Shengyang Technology's annual report shows that in 2023, the company will actively deploy 5G communications and satellite communications sectors and further strengthen cooperation. In addition to the integrated development project of offshore broadband satellite communication terminals, it will vigorously promote the development of upstream and downstream related products in the satellite communications industry chain. Add new business growth points.

The announcement shows that after this equity change, Ye Liming, Xu Fengjuan and their concerted actions held a total of 86.8375 million shares of the company, accounting for 20.93% of the total share capital of the listed company. Xinchen Investment held 33.1986 million shares of the company, accounting for 8% of the total share capital of the listed company. The number of shares held by Guojiao Beidou (Hainan) Technology Investment Group Co., Ltd., a related party of Xinchen Investment, has not changed, holding 32.158 million shares of the company. Accounting for 7.75% of the total share capital of the listed company. This change in equity will not lead to changes in the controlling shareholder and actual controller of the company. This share transfer does not involve a tender offer.