Mingwei Electronic has issued a statement revealing that its actual controller, Wang Lekang, executed a block trade from October 15th to October 21st, transferring 2.1 million shares of the company to the Huabao Wanying Assets Minghong No.2 Private Securities Investment Fund. After deducting repurchased shares, these transferred shares represent 1.97% of the company's total share capital. It's worth noting that this transaction constitutes an internal equity transfer, a common practice in corporate finance for restructuring ownership or facilitating strategic investments within a group or among affiliated entities.
