YouA Shareholding: Controlling shareholder transfers 5.01% of shares, latest delivery date extended to 2026.
Friendah Holdings announced that on December 9, 2024, the controlling shareholder Friendah Holdings plans to transfer 69,848,100 unrestricted tradable shares to Shanghai Qinxuetang at a transfer price of 211 million yuan. In February 2025, the two parties signed a supplementary contract, adjusting the latest delivery date to December 2025. Due to the expected inability to apply for compliance confirmation procedures on schedule, the two parties signed a second supplementary contract to the stock transfer contract in 2025, extending the latest delivery date to 2026. If the transfer has not been completed by then, the contract will be automatically terminated. This transfer does not affect control rights, and the completion of the transaction is still uncertain.
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