LETE's controlling shareholder plans to transfer 5% of the company's shares to OLYMPIC
The controlling shareholder of LETE, Guangdong Tenail Investment Co., Ltd., intends to transfer its 7.759 million shares of the company (accounting for 5% of the total share capital) to OLYMPIC at a price of 19.74 yuan per share, with a total transfer price of 153 million yuan. This share transfer does not involve a change in the company's control and will not have a significant impact on the company's governance structure and ongoing operations
According to the Zhitong Finance APP, LETE (688683.SH) announced that it recently received a notice from its controlling shareholder, Guangdong Tenail Investment Co., Ltd. Tenail signed a "Share Transfer Agreement" with OLYMPIC on July 3, 2025, intending to transfer 7.759 million unrestricted circulating shares of the company (accounting for 5% of the company's total share capital) to OLYMPIC at a price of 19.74 yuan per share, with a total transfer price of 153 million yuan.
Before this equity change, OLYMPIC did not hold any shares in the company; after this equity change, OLYMPIC will hold 7.759 million shares of the company, accounting for 5% of the company's total share capital. This equity change does not involve a change in the company's control and will not lead to changes in the company's controlling shareholder or actual controller, nor will it have a significant impact on the company's governance structure and ongoing operations, and it does not involve a tender offer
