According to Ronglian Technology's announcement, the controlling shareholder of the company, Shandong Jingda agreed to transfer 52.926,400 unrestricted tradable shares held by Wang Donghui, a shareholder holding 5% or more of the shares. The transfer was completed on October 12, 2026. After the transfer was completed, Shandong Jingda directly held 107 million shares of the company, accounting for 16.10% of the total share capital. It is still the controlling shareholder of the company, and the actual controller has not changed. The delegation of voting rights for the remaining shares held by Wang Donghui and his spouse Wu Min was automatically terminated, and there is no longer a concerted action relationship with Shandong Jingda. Shandong Jingda promised not to transfer the shares within 24 months after the equity change was completed, and Wang Donghui promised not to transfer the shares within 12 months.

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