NBD AI Bulletin Gotion High-Tech Co., Ltd. (SZ 002074, closing price: 27.18 yuan) announced on the evening of May 26 that the Company's real controller Li Zhen and persons acting in concert Zhuhai Guoxuan Trading Co., Ltd., and Li Chen, are planning to transfer some of their shares in the Company to strategic investors and other voting arrangements. The former may result in changes in the Company's largest shareholder and actual controlling right.

At present, relevant parties of the deal are actively pushing forward internal approval procedures. To ensure fair disclosure of information and keep the interests of investors from abnormal stock price fluctuations, the company gained approval from the Shenzhen Stock Exchange to continue to pause the trading of its shares and convertible corporate bonds from May 27, 2020 (Wednesday) morning, which is expected to last no more than 5 trading days.

According to the 2019 annual report, the Company's main businesses are battery-making and power transmission, distribution and control equipment manufacturing, accounting for 87.14% and 10.08% of revenue, respectively.

Both of the Company's chairman and general manager is Li Wei, who is a 56-year-old Chinese, EMBA graduate of Cheung Kong Graduate School of Business.

(By Tan Yuhan)

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