According to the announcement of Yakang Co., Ltd., the actual controller of the company, Xu Jiangzhi, acted with Xiang Yuan Zhihong, to transfer 8.68 million shares held by the company to Fude Industrial Insurance and Fude Technology. On July 31, the transfer of the agreement was registered. Both held 4.34 million shares and became shareholders holding more than 5% of the shares. The transferee promised not to actively reduce its holdings within 18 months. This transfer does not involve the proposed acquisition and will not result in changes in controlling shareholders or actual controllers.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.