Yida Co., Ltd. announced that Shen Guixiu, the mother of Liu Junzhi, the controlling shareholder and actual controller of the company, passed away. Her children inherited 20.036 million shares of the company during her lifetime: Liu Zhun inherited 4.2 million shares, Liu Jian inherited 12.536 million shares, Liu Bing inherited 1 million shares, and Liu Fang inherited 2.5 million shares. After this change in equity, Liu Zhun's shareholding ratio increased from 20.80% to 23.35%, and controlled 8.75% of the company's voting rights through the “Concerted Action Agreement” signed with Liu Jian, controlling a total of 32.10% of voting rights. He is still the company's controlling shareholder and actual controller, and does not involve the change in control rights. As of the date of disclosure of the announcement, the transfer procedure has not been completed.

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.