One of the actual controllers of Dayuan Pump Industry, Han Yuan, has passed away again. What will happen to the 9 million share reduction plan? The company responds: Awaiting the outcome of subsequent negotiations.

Dayuan Pump Industry announced after market close on February 25th that one of its actual controllers, Han Yuanzai, recently passed away unexpectedly. According to the announcement, Han Yuanzai held 21,089,600 shares of the company, accounting for 11.31% of the total share capital. After Han Yuanzai’s death, his shares will be handled in accordance with relevant laws and regulations. Once the procedures are completed, it is expected that the composition of the company’s actual controllers will change. The company will fulfill its information disclosure obligations promptly based on the progress of the matter. Currently, the company’s production and operations are normal. Han Yuanzai was one of the company’s core senior executives. Earlier this month, the company disclosed an agreement to transfer shares. On the evening of February 25th, a person from the company’s securities department stated that the transfer plans of Han Yuanzai and Xu Weijian “depend on their subsequent negotiations; in any case, the total will definitely not exceed (9.405 million shares).” (Daily Economic News)