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Duiba Group said its controlling shareholder transferred 120,682,000 shares (about 11.21% of issued capital) to its employee share award platform for nil consideration, with no new shares issued and no dilution. The founder remains controlling holder at approximately 31.01%.
Duiba Group Limited said its controlling shareholder, Xiaoliang Holding Limited, agreed to transfer 120,682,000 shares to an employee incentive platform (ESOP).