Shanghai Yahong announced that Ningsheng Group, the controlling shareholder of the company, Xie Yaming, a shareholder holding more than 5% of the shares, and Xie Yue, a co-actor, transferred 29.99% of the company's shares to the Feike Investment Agreement and completed the transfer registration on November 10, 2026. The total transfer price is 900 million yuan, and the transfer price is 21.43 yuan/share. After the transfer was completed, Feike Investment held 29.99% of the company's shares and became the company's controlling shareholder, and Li Gaiteng became the actual controller of the company. Feike Investment and Li Gaiteng promised not to transfer the shares obtained within 60 months and not to pledge the shares within 36 months from the date of completion of the transfer. Feike Investment plans to make a subsequent bid to acquire 10.21% of the company's shares. There is still uncertainty about this matter.

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