Core Viewpoint - The traditional toy company GaoLe Co., Ltd. has undergone a change in its actual controller, with Beijing Lieman Yuntu Technology Co., Ltd. becoming the controlling shareholder and Wang Fan as the actual controller, following a one-week suspension of trading [2][3]. Group 1: Shareholder Changes - GaoLe Co., Ltd. announced that Lieman Yuntu will acquire 94.72 million shares from the largest shareholder, Huadong Group, representing 10.00% of the total share capital [3]. - After the transfer and voting rights delegation, Lieman Yuntu will hold approximately 206 million shares, accounting for 21.74% of the total share capital, thus becoming the controlling shareholder [3]. Group 2: Management Background - Wang Fan, born in November 1991 and a graduate of the University of Sheffield, has been involved in the internet and artificial intelligence sectors and started his entrepreneurial journey in 2022 [2]. Group 3: Fundraising Plans - GaoLe Co., Ltd. plans to issue A-shares to specific investors, aiming to raise no more than 491 million yuan, which will be used to supplement working capital [3]. - Following the issuance, Lieman Xingtou will directly hold approximately 132 million shares, representing 12.28% of the total share capital, with Wang Fan as the controlling shareholder [3].

Company Announcement - The company, GaoLe Co., Ltd. (SZ 002348), announced on December 1 that its board approved a private placement of shares to Beijing Lieman Star Map Technology Partnership (Limited Partnership) [1] - The number of shares to be issued is up to approximately 133 million shares, which does not exceed 30% of the company's total share capital prior to the issuance, in compliance with the regulations of the China Securities Regulatory Commission [1] - The issuance price is set at 3.7 yuan per share, with the total funds raised expected to be no more than approximately 491 million yuan, which will be used entirely to supplement working capital after deducting issuance costs [1] Financial Performance - For the first half of 2025, GaoLe Co., Ltd.'s revenue composition is as follows: toys and related businesses account for 96.77%, education information services account for 1.7%, and plastic products account for 1.53% [1] - As of the announcement, the company's market capitalization is 4.6 billion yuan [1]

Core Viewpoint - Guangdong Gaole Co., Ltd. disclosed that it has not faced any penalties from regulatory authorities in the past five years, except for a regulatory letter received in 2022 due to discrepancies in performance forecasts and annual report data [1][2][3] Summary by Sections Regulatory Actions - The company has not been subject to any penalties from securities regulatory bodies or exchanges in the last five years, with the exception of a regulatory letter from the Shenzhen Stock Exchange on July 11, 2022 [2][3] - The regulatory letter was issued due to significant differences between the net profit forecast and the audited annual report for 2021, which was not corrected in a timely manner [2] Performance Discrepancies - The initial performance forecast on January 29, 2022, estimated a net loss of between 46 million to 70 million yuan for 2021, which was later revised to a net loss of 108.7 million yuan on April 20, 2022 [2] - The audited annual report released on April 29, 2022, confirmed a net loss of 108.66 million yuan for 2021, highlighting the discrepancies that led to regulatory scrutiny [2] Company Response - The company has taken the regulatory letter seriously and has organized personnel to enhance their understanding of relevant laws and regulations, aiming to prevent future issues [3] - The company commits to diligent and prudent decision-making to protect the rights of investors and ensure compliance with information disclosure obligations [3]

Core Points - On November 30, 2025, Lieman Yuntu signed a share transfer agreement with Huadong Group to acquire 94.72 million shares of Gaole Co., accounting for 10.00% of the total share capital [1] - Following the share transfer, Lieman Yuntu will hold voting rights for a total of 206 million shares, representing 21.74% of the total share capital, making it the controlling shareholder of Gaole Co. [1] - The actual controller of Gaole Co. will be Wang Fan after the completion of the agreements [1] - On December 1, 2025, Gaole Co. signed a conditional share subscription agreement with Beijing Lieman Xingtu Technology Partnership to raise funds through stock issuance [1] Company Actions - The company applied to the Shenzhen Stock Exchange for the resumption of trading, effective December 2, 2025 [2]

Group 1 - The core point of the article is that Lieman Yuntu has become the controlling shareholder of Gaole Co., Ltd. after acquiring 10% of the company's shares and obtaining voting rights for an additional 11.74% of shares through agreements with Huadong Group and others [1] - On November 30, 2025, Lieman Yuntu signed a share transfer agreement with Huadong Group to acquire 94.72 million shares, representing 10.00% of the total share capital of the listed company [1] - Following the agreements, Lieman Yuntu will hold a total of 206 million shares with voting rights, which accounts for 21.74% of the total share capital, thus becoming the controlling shareholder [1] Group 2 - On December 1, 2025, the company signed a conditional share subscription agreement with Beijing Lieman Xingtu Technology Partnership (Limited Partnership) to issue shares and raise funds [1] - The company's stock will resume trading on December 2, 2025, following the application to the Shenzhen Stock Exchange [2]

Company Overview - Gaole Co., Ltd. (SZ 002348) announced the appointment of Mr. Li Pei as the secretary of the board and Mr. Ma Shaobin as the representative for securities affairs [1] Revenue Composition - For the first half of 2025, Gaole's revenue composition is as follows: toys and related businesses account for 96.77%, education information services account for 1.7%, and plastic products account for 1.53% [1] Market Capitalization - As of the report, Gaole's market capitalization stands at 4.6 billion yuan [1]

Core Viewpoint - Gao Le Co., Ltd. has undergone significant changes in its shareholding structure, with Li Man Yun Tu becoming the controlling shareholder after acquiring 10% of the company's shares and 21.74% of voting rights, which may impact the company's strategic direction and operational efficiency [1][2] Group 1: Shareholding Changes - On November 30, Gao Le's controlling shareholder, Hua Tong Group, signed agreements to transfer 10% of its shares to Beijing Li Man Yun Tu and delegated voting rights for an additional 4% of shares [1] - Following these agreements, Li Man Yun Tu directly holds 10% of the company's shares and controls 21.74% of the voting rights, thus becoming the controlling shareholder [1] Group 2: Financial Situation - Gao Le has faced challenges such as a single business structure, lack of innovation, and low asset operation efficiency, leading to continuous net losses over the past three years, with net profits of -83.63 million, -61.98 million, -57.30 million, and -11.67 million [2] - The company's cash and cash equivalents at the end of the periods were 10.21 million, 18.32 million, 32.41 million, and 19.66 million, indicating liquidity constraints that hinder business development [2] Group 3: Fundraising and Future Plans - The company plans to issue shares to Beijing Li Man Xing Tu Technology Partnership to raise up to 491 million yuan, with the funds aimed at improving liquidity and supporting business development [2] - This fundraising is expected to enhance the company's liquidity, control financial costs, and improve its sustainable profitability and asset structure [2]

Group 1 - Wang Fan will become the actual controller of Gao Le Co., Ltd. after the acquisition by Beijing Lieman Yuntu Technology Co., Ltd. [1] - On November 30, Lieman Yuntu signed a share transfer agreement with the largest shareholder of Gao Le, Huadong Group, to acquire 94.72 million shares, representing 10% of the total share capital [1] - Following the transfer and voting rights delegation agreements, Lieman Yuntu will hold 94.72 million shares directly and have voting rights over 206 million shares, accounting for 21.74% of the total share capital [1] Group 2 - Gao Le Co., Ltd. has signed a conditional share subscription agreement with Lieman Yuntu's affiliate, Lieman Xingtou, to raise up to 491 million yuan for working capital [2] - Wang Fan, born in November 1991, has a master's degree from the University of Sheffield and has been involved in the internet and AI sectors since starting his entrepreneurial journey in 2022 [2] - Wang Fan holds significant positions in multiple companies, including Lieman Yuntu and Lieman Xingtou, and has been serving as a director and financial officer since March 2025 [2]

Core Viewpoint - The company GaoLe Co., Ltd. (002348.SZ) has announced a significant change in its ownership structure, with LiMan YunTu becoming the controlling shareholder after acquiring shares from HuaTong Group and receiving voting rights from other shareholders [1] Group 1: Share Transfer and Voting Rights - On November 30, 2025, LiMan YunTu signed a share transfer agreement with HuaTong Group to acquire 94,720,000 shares, representing 10.00% of the total share capital of the company [1] - LiMan YunTu also entered into voting rights entrustment agreements with HuaTong Group, Yang Guangcheng, and Xingchang Plastic, allowing it to exercise voting rights for an additional 111,198,628 shares, which accounts for 11.74% of the total share capital [1] - Following these agreements, LiMan YunTu will directly hold 94,720,000 shares and have voting rights for a total of 205,918,628 shares, equating to 21.74% of the total share capital, thus becoming the controlling shareholder of the company [1] Group 2: Future Financing and Stock Resumption - On December 1, 2025, the company signed a conditional share subscription agreement with Beijing LiMan XingTu Technology Partnership (Limited Partnership) to issue stocks for fundraising [1] - The company's stock (abbreviated as GaoLe Co., Ltd., stock code: 002348) will resume trading starting December 2, 2025 [1]

高乐股份公告，控股股东华统集团有限公司与北京黎曼云图科创有限公司签署《股权转让协议》及《表 决权委托协议》，华统集团将其持有的9472万股股份（占公司总股本的10%）转让给黎曼云图，并将 3788.8万股股份（占公司总股本的4%）对应的表决权委托给黎曼云图行使。同时，杨广城、兴昌塑胶 五金厂有限公司也将其持有的股份对应的表决权委托给黎曼云图行使。此次权益变动完成后，公司控股 股东将变更为黎曼云图，实际控制人将变更为王帆。公司股票将于2025年12月2日开市起复牌。 ...