Baoli Foods announced that Hangzhou Zhenpin, the controlling shareholder of the company, sent a letter of 51.7873% of the property share of the investment partnership to Hangzhou Linzhuo Cexin Enterprise Management Partnership. After this transfer, Shen Lintao, Hu Shan, and Zhou Qi controlled the total partnership share of 88.84% of Zhenpin Letter through Hangzhou Zhenpin Asset Management Co., Ltd., Lin Zhuo Cexin, and their own partnership shares, while still controlling Zhenpin's letter. This change will not lead to changes in the controlling shareholders and actual controllers of the company, nor will it affect the normal business activities of the company.

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