The transfer of 1.228 billion yuan in shares has been completed, and LMZ’s actual controller has changed.

Source: LMZ Announcement on Completion of Transfer Registration of Shares Transferred by the Controlling Shareholder under Agreement and Change of Control

DentalGoodNews｜On August 5, 2026, LIUZHOU LIANGMIANZHEN Co.,Ltd. (hereinafter referred to as "LMZ", stock code: 600249) announced that its shareholders, Guangxi Liuzhou Industrial Investment Development Group Co., Ltd. (hereinafter referred to as "Liuzhou Industrial Investment"), Liuzhou Jingfa Investment Co., Ltd. (hereinafter referred to as "Liuzhou Jingtou"), and Liuzhou Yuanhong Investment Development Co., Ltd. (hereinafter referred to as "Liuzhou Yuanhong"), have completed the registration procedures for the transfer of 154,000,000 shares of the company to Guangxi Guokong Capital Operation Group Co., Ltd. (hereinafter referred to as "Guangxi Guokong") through agreement. Upon completion of this change in equity, the controlling shareholder of LMZ has changed to Guangxi Guokong, and the ultimate controller has changed from Liuzhou State-owned Assets Supervision and Administration Commission to the State-owned Assets Supervision and Administration Commission of the People's Government of Guangxi Zhuang Autonomous Region (hereinafter referred to as "Guangxi SASAC").

Source: LMZ Announcement on Completion of Transfer Registration of Shares Transferred by the Controlling Shareholder under Agreement and Change of Control

According to the announcement, the total number of shares transferred through agreement is 154,000,000 shares, accounting for 28% of the company's total share capital, with a transfer price of RMB 7.9742 per share and a total transfer price of RMB 1,228,026,800 (approximately RMB 1.228 billion). All shares are unrestricted tradable shares, with the registration date for transfer being August 3, 2026. Upon completion of this transfer, Guangxi Guokong directly holds 28.00% of the company's shares, and together with its concerted actor, Guangxi Zhuang Autonomous Region Industrial Investment Group Co., Ltd. (hereinafter referred to as "Guangxi Industrial Investment", a separate legal entity from the aforementioned transferor Liuzhou Industrial Investment), holds a total of 29.59% of the shares. The shareholding ratio of the former controlling shareholder, Liuzhou Industrial Investment, has decreased from 33.34% to 7.88%.

According to public information, LMZ is a listed company in the domestic daily chemical industry, with main products covering Chinese herbal toothpaste and other daily chemical categories. The company released its performance forecast on July 15, 2026, expecting a net profit attributable to shareholders of the parent company of -RMB 3 million to -RMB 7 million for the first half of 2026, and a non-GAAP net profit attributable to shareholders of the parent company of -RMB 4.5 million to -RMB 8.5 million; for the same period last year (first half of 2025), the net profit attributable to shareholders of the parent company was -RMB 5.0842 million, and the non-GAAP net profit was RMB 4.8113 million. The company disclosed that the main reasons for the loss in the current period are intense market competition in the daily chemical industry, a year-on-year decline in operating revenue, and a year-on-year decline in comprehensive gross profit and interest income.

Source: LMZ Announcement on Completion of Transfer Registration of Shares Transferred by the Controlling Shareholder under Agreement and Change of Control

Guangxi Guokong, the acquirer in this transaction, is a provincial-level state-owned capital operation group with a registered capital of RMB 11.347 billion (approximately RMB 11.347 billion). According to the announcement, its main business covers investment and management in modern agriculture, health industry, cultural tourism, real estate, and food industry.

The announcement shows that this change in control has been approved by both the Liuzhou SASAC and the Guangxi SASAC, and has obtained the "Decision on Not Conducting Further Anti-monopoly Review for Concentration of Undertakings" issued by the State Administration for Market Regulation. Guangxi Guokong has issued a commitment letter regarding maintaining the independence of the listed company, avoiding horizontal competition, and regulating related-party transactions.

As of now, the relevant share transfer consideration has been fully paid in accordance with the agreement. LMZ stated that the result of this change in control is consistent with the content of the "Share Transfer Agreement" previously signed.