FranTech: Controlling Shareholder Signs Supplementary Agreement, Disclosing Progress of Changes in Control Rights

Franthai announced that on March 2, 2026, the new investor intends to acquire a total of 14.64% of the company's shares and voting rights held by the controlling shareholders Jin Hongping and Tao Fenghua. The investor will also acquire 50% of the shares of Wuxi Zhixiang held by Jin Hongping and increase capital. After completion, they will control 26.39% of the company's shares and voting rights, and the controlling shareholders and ultimate beneficial owners will change. Due to option exercise and equity distribution, on May 27, all parties signed a supplemental agreement to adjust the quantity of transferred shares, the trading price, and the total price, with the transfer price totaling 11.06 billion yuan. The transfer of this agreement still requires approval from the stock exchange and the completion of transfer procedures, and it is uncertain whether it will pass the approval and the time frame for completion.