Huitian Xincai announced on the evening of December 15 that Zhang Li became the controlling shareholder and actual controller of the company through equity trading and voting entrustment, and took over the baton of the company's development from the company's founder, his father Zhang Feng and his father Liu Peng.






Huitian new material announced that the purpose of this equity change is to adjust the shareholding arrangement within the family to meet the corporate governance and future development needs of Huitian new material. In view of the age of the company's founder Zhang Feng and considering that the company has established a complete management system and cultural system, Zhang Feng transfers some shares to Zhang Li through block transactions, entrusts the voting rights of all the company's shares to Zhang Li for free by means of voting power entrustment, and will gradually withdraw from the company's management.






Meanwhile, since the shareholder Liu Peng no longer serves as a director of the company due to age and physical reasons, and his original term of office is about to expire, he no longer actually participates in the operation and management of the company. In order to ensure the stability of the company's control and the efficiency of decision-making and operation and management, after full consultation and discussion, the company's shareholders Liu Peng, Shi Xiangqiao Wang Zhengye and Zhao Yonggang signed the termination agreement of voting power entrustment agreement with Zhang Feng on December 15, 2021, respectively, and terminated the voting power entrustment agreement signed by the four shareholders and Zhang Feng on August 3, 2020. On the same day, Shi Xiangqiao, Wang Zhengye and Zhao Yonggang respectively signed the voting right entrustment agreement with the information disclosure obligor to entrust Zhang Li to exercise the voting right of all the shares of the company free of charge, so as to ensure Zhang Li's actual control position in the company. After this equity change, Zhang Li will become the actual controller of the listed company.






According to the announcement, before this equity change, Zhang Li held 10000 shares of the company. After this equity change, the number of voting shares controlled by Zhang Li is 78677931 shares (including the voting rights corresponding to 8088600 shares directly held by Zhang Li and 70589331 shares entrusted to Zhang Li by Zhang Feng, Shi Xiangqiao, Wang Zhengye and Zhao Yonggang), accounting for 18.26% of the total share capital of the company and 18.89% of the total shares of the company after deducting repurchase shares.