Tianjin Pharmaceutical Da Ren Tang Group Corporation Limited Announces Change of Placement Agent Representative

Key Points for Investors

• Change of Representative for Placement Agent: Tianjin Pharmaceutical Da Ren Tang Group Corporation Limited (“the Company”) announced a change in the representative for its placement agent, China Galaxy Securities Co., Ltd. (“Galaxy Securities”), responsible for the continuous supervision of the Company’s A-share Placement.
• Background of the Placement: The Company had previously conducted an allotment and issue of A-shares, with Galaxy Securities serving as the placement agent. Continuous supervision over the use of proceeds from this Placement is required.
• Change in Supervision Team: Mr. Wang Jianlong is stepping down from his role due to a change in work arrangements. He will be replaced by Ms. Wang Han, who will join Ms. Kang Yuan as the representatives responsible for the ongoing supervision.
• Reason for Continued Supervision: Although the official supervision period for the Placement has ended, a portion of the funds raised remains unutilized. Galaxy Securities will continue to monitor the deposit and use of these proceeds to ensure compliance and transparency.

Details of the Change

The Company received a formal notification from Galaxy Securities on 23 March 2026 regarding the change in the personnel responsible for the continuous supervision of the Placement. This is a procedural update designed to ensure the orderly conduct of the supervision process. The change sees the appointment of Ms. Wang Han as the new representative, replacing Mr. Wang Jianlong.

The Company’s Board expressed its gratitude to Mr. Wang Jianlong for his contributions during his tenure.

About the New Representative: Ms. Wang Han

• Experience: Ms. Wang Han is a sponsor representative with a master’s degree and six years of experience in investment banking.
• Track Record: She has worked on several significant projects, including:
  • The issuance of shares by Beijing Infosec Technologies Co., Ltd. for asset acquisition
  • Asset disposal by HPF Co., Ltd.
  • The acquisition of Shenzhen Hifuture Information Technology Co., Ltd. by Chongqing Lvfa Urban Construction Co., Ltd.

Implications for Shareholders and Potential Price Sensitivity

Potential Impact: The announcement is primarily administrative and related to compliance, ensuring the integrity of the supervision process for the use of Placement proceeds. No negative findings or material changes in the use of proceeds were reported. The continued oversight by experienced professionals should reinforce investor confidence in the Company’s corporate governance and financial transparency.

What to Watch For: Investors should note that some Placement proceeds remain unutilized. The Company’s management of these funds, as well as future updates on their deployment, may be of interest and could affect market sentiment depending on how these proceeds are eventually used.

Conclusion

While the change in the representative for the Placement Agent does not itself represent a material operational change, it is part of the Company’s ongoing commitment to compliance, transparency, and prudent management of capital raised. Shareholders should monitor future disclosures regarding the utilization of Placement proceeds, as these could have a more direct impact on the Company’s valuation and share price.

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Investors should perform their own due diligence or consult professional advisors before making investment decisions.

View TJ DaRenTang USD Historical chart here