Valiant Co., Ltd (002643.SZ) intends to transfer 5% of its shares by way of agreement with its controlling shareholder.

Valiant Co., Ltd (002643.SZ) announced that the company's controlling shareholder and actual controller China Energy Conservation and Environmental Protection Group Co., Ltd. (referred to as "China Energy Conservation") has agreed to transfer its 46,505,308 shares of the company's unlimited tradable shares to the transferee China Petroleum & Chemical Corporation Capital Limited (referred to as "Sinopec Capital"), accounting for 5% of the company's total share capital of 930,106,155 shares, without triggering a tender offer. After this equity change, the transferee Sinopec Capital will hold 46,505,308 shares of the company, accounting for 5% of the total share capital, becoming a shareholder holding 5% or more of the company; China Energy Conservation and its concerted action party China Energy Capital Holdings Co., Ltd. (referred to as "China Energy Capital") will collectively hold 232,477,317 shares of the company, accounting for 24.99% of the total share capital. This equity change will not result in a change in the company's controlling rights, as China Energy Conservation will remain the company's controlling shareholder and actual controller.