On November 25, Tianfu Communication disclosed that its principal shareholder, Tianfu Renhe, had divested 3.011 million shares via a price inquiry transfer mechanism, representing 0.39% of the company's total outstanding shares. The shares were transferred at a price of 140 yuan each, culminating in a total transaction value of 422 million yuan. This equity transaction will not lead to any changes in the company's controlling shareholder or ultimate controller. Furthermore, it is not anticipated to materially affect the company's governance framework or ongoing business operations.
