Leon Wei announced that the company transferred 11.4705% of Zhejiang Jinruihong's shares held by SDIC Venture and has completed the initial share transfer payment of 159 million yuan. Zhejiang Jinruihong recently completed the registration of the industrial and commercial change and issued a business license. After the completion of this change, the company directly held 99.9557% of Zhejiang Jinruihong's shares and indirectly held 0.0443% of the shares through wholly-owned subsidiaries. In total, it held 100% of the shares, which helped increase the company's overall profit level.

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