Jihua Group announced that Hangzhou Jinhui, the controlling shareholder of the company, and Shao Hui, the shareholder, and Tonglu Junheng signed a share transfer agreement. After the transfer is completed, the controlling shareholder of the company will be changed to Tonglu Junheng, and the actual controller will be changed to Sultian. The transaction was reviewed and approved by the special shareholders' meeting of Tonglu Junheng's parent company, and recently obtained compliance confirmation from the Shanghai Stock Exchange. The share transfer registration procedure is still required, and there is uncertainty about the final completion time.

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