Jihua Group announced that on February 6, 2026, the controlling shareholder Hangzhou Jinhui and natural person shareholder Shao Hui intend to transfer 202 million shares to Tonglu Junheng. After completion, the controlling shareholder will be changed to Tonglu Junheng, and the actual controller will be changed to Sultian. On July 16, the three parties signed the “Supplementary Agreement”, clarifying transaction delivery prerequisites and compensation for specific matters. The share agreement transfer still requires Global New Materials approval, Shanghai Stock Exchange compliance confirmation, and share transfer registration. There is uncertainty about whether it will be completed.

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