Core Viewpoint - The company Huafeng Co., Ltd. (002806.SZ) is undergoing a change in control, with the potential transfer of shares from the current controlling shareholder, Tan Guoying, to Chen Yun, which may lead to a change in the company's actual controller [1][3]. Summary by Sections Share Transfer Agreement - On November 22, 2025, Tan Guoying signed a share transfer intention agreement with Chen Yun, indicating a potential change in control [1]. - The initial transfer involves 10,700,000 shares (5.04% of total share capital) at a price of 15 RMB per share, totaling 160,500,000 RMB [2]. - The subsequent transfer of 23,300,000 shares is contingent upon the completion of the initial transfer and is expected to occur between November 23, 2026, and January 31, 2027 [2]. Voting Rights Delegation - A voting rights delegation agreement was signed on the same day, where Tan Guoying will irrevocably delegate the voting rights of 32,100,720 shares (15.11% of total share capital) to Chen Yun [3]. - This delegation creates a concerted action relationship between Tan Guoying and Chen Yun during the delegation period [3]. Stock Resumption - The company's stock is set to resume trading on December 1, 2025, following the completion of the necessary procedures for the change in control [3][4].

Core Viewpoint - The transfer of shares from Tan Guoying to Chen Yun marks a significant change in the control of Huafeng Co., with Chen Yun set to become the actual controller of the company [1][2][3] Share Transfer Details - Tan Guoying plans to transfer a total of 34 million shares (16% of total share capital) to Chen Yun in stages, starting with 10.7 million shares (5.04% of total share capital) for a total price of RMB 160 million [1][2] - The share transfer price is set at RMB 15 per share, with the first phase completed before further transfers can occur, expected between November 2026 and January 2027 [2] Voting Rights Delegation - A voting rights delegation agreement has been signed, allowing Chen Yun to exercise voting rights for an additional 32.1 million shares (15.11% of total share capital) held by Tan Guoying until the completion of the subsequent share transfer [3] Financial Background of Tan Guoying - Tan Guoying has cumulatively cashed out approximately RMB 351 million from share sales since November 2019, including three rounds of share reductions and a recent transfer [4][8] - Her business journey began in 1995 with the establishment of Zhaoqing Huafeng Electronic Aluminum Foil Co., and she has played a pivotal role in the company's growth and transition to the new energy materials sector [5][6] Chen Yun's Background - Chen Yun, born in 1975, has a strong background in capital markets, having co-founded companies like Helitai and Sanlipu, both of which have successfully gone public [9][10] - Currently, he is the founder, chairman, and general manager of Shengbaolai, holding a 60% stake in the company, which specializes in new automotive films and related products [10] Future Prospects - There is speculation that Shengbaolai may seek to achieve a backdoor listing through Huafeng Co. in the near future, following the completion of the share transfer [11]

Core Points - Huafeng Co., Ltd. (002806) opened at a limit-up price of 14.54 yuan per share on December 1 [1] - On November 29, Huafeng Co., Ltd. announced that Chen Yun will become the controlling shareholder of the company, with the actual controller changing from Tan Guoying to Chen Yun [1]

Core Viewpoint - The transfer of shares from the aging chairman Tan Guoying to the capital expert Chen Yun marks a significant change in the control of Huafeng Co., Ltd. (002806.SZ), with potential implications for the company's future direction and strategy [1][3][4]. Group 1: Share Transfer Details - Tan Guoying plans to transfer a total of 34 million shares (16% of the total share capital) to Chen Yun through a phased agreement [3][4]. - The first phase involves the transfer of 10.7 million shares (5.04% of the total share capital) at a price of 15 RMB per share, totaling 1.6 billion RMB [3][4]. - The remaining 23.3 million shares will be transferred later, contingent upon the completion of the initial transfer and regulatory compliance [3][4]. Group 2: Financial Implications - Since November 2019, Tan Guoying has conducted three rounds of share reductions, cashing out approximately 1.91 billion RMB, bringing the total cashing amount to 3.51 billion RMB with the latest transfer [9][10]. - The share transfer price of 15 RMB per share reflects a strategic valuation of the company amidst the leadership transition [3][4]. Group 3: Background of Key Individuals - Tan Guoying, aged 75, has a long history in the industry, founding Huafeng Electronics in 1995 and leading the company to its listing in 2016 [6][7][8]. - Chen Yun, aged 50, is a seasoned player in the capital market, known for his roles in the successful listings of He Li Tai and San Li Pu, and currently serves as the founder and CEO of Sheng Bao Lai [11][12]. - There are speculations that Sheng Bao Lai may seek to achieve a backdoor listing through Huafeng Co., Ltd. in the near future [2][13].

Group 1: Major Asset Restructuring Announcements - Jia Rong Technology plans to acquire 100% of Hangzhou Lanran through a combination of share issuance and cash payment, with a fundraising target of up to 1 billion yuan [2][3] - Kai Zhong Co. intends to purchase 60% of Anhui Tuosheng's equity, also through share issuance and cash payment, with the transaction expected to constitute a major asset restructuring [4][6] - Both companies' stocks will resume trading on December 1 [1][4] Group 2: Business Focus and Strategic Implications - Jia Rong Technology specializes in membrane separation technology and aims to enhance its capabilities by integrating Hangzhou Lanran's ion exchange membrane technology, thereby expanding into new markets such as lithium battery materials and biomedicine [3][4] - Anhui Tuosheng focuses on automotive rubber-based elastic damping and sealing components, which are critical for improving NVH (Noise, Vibration, Harshness) performance in vehicles, indicating a strategic move to strengthen automotive industry positioning [5][6] Group 3: Changes in Control and Shareholding - After the share transfer, the controlling shareholder of Chao Zhuo Hang Ke will change to Hubei Investment Capital, with the actual controller becoming the Hubei State-owned Assets Supervision and Administration Commission [7][8] - Hua Feng Co. will see its controlling shareholder change to Chen Yun following a share transfer agreement, with a significant portion of shares being transferred at a price of 15 yuan per share [8][9]

Core Viewpoint - The announcement reveals a significant change in the control of Huafeng Co., Ltd. (华锋股份), with the current controlling shareholder, Tan Guoying, planning to transfer 16% of the company's shares to Chen Yun, which will result in a change of control [1][5]. Group 1: Share Transfer Details - Tan Guoying intends to transfer 34 million shares, representing 16% of the total share capital, to Chen Yun through an agreement [1]. - The first phase of the transfer involves 10.7 million shares, accounting for 5.04% of the total share capital, at a price of 15 CNY per share, totaling 161 million CNY [1]. - Following the transfer, Tan Guoying's shareholding will decrease from 20.14% to 15.11%, while Chen Yun will hold 5.04% of the shares [2]. Group 2: Background of Chen Yun - Chen Yun is described as a veteran in both capital markets and the industrial sector, having co-founded two listed companies: Helitai and Sanlipu [2][3]. - He currently holds 60% of Shengbaolai Optoelectronics Technology Co., Ltd., which focuses on the research and production of polarizers, a key material for display panels [3]. - Chen Yun's past experiences indicate a pattern of capital operation, where he has previously exited from companies after achieving share securities [3][4]. Group 3: Future Prospects and Company Strategy - Huafeng Co., Ltd. aims to leverage Chen Yun's expertise to enhance its profitability and operational sustainability through resource integration [3]. - The company is currently engaged in the research, production, and sales of electric control and drive systems for new energy vehicles, alongside its electrode foil business [5]. - The transfer of shares is seen as a strategic move to bring in a professional investor who recognizes the company's value and future development potential [5].

Core Viewpoint - The actual controller of Huafeng Co., Ltd. will change to Chen Yun, following an agreement for the transfer of shares from the current controller Tan Guoying [2][3][5]. Group 1: Share Transfer Agreement - Tan Guoying will transfer a total of 34 million shares (16.00% of the total share capital) to Chen Yun, with an initial transfer of 10.7 million shares (5.04%) at a price of 15 CNY per share, totaling approximately 161 million CNY [5]. - A voting rights entrustment agreement was also signed, allowing Chen Yun to exercise voting rights for the remaining 32.1 million shares (15.11%) held by Tan Guoying during the transfer period [5]. Group 2: Background of Chen Yun - Chen Yun is not a newcomer to the capital market; he is a co-founder of listed companies Helitai and Sanlipu, and currently serves as the founder, chairman, and general manager of Shengbaolai Optoelectronics Technology Co., Ltd., holding 60% of its shares [5][7]. Group 3: Business Overview of Huafeng Co., Ltd. - Huafeng Co., Ltd. primarily focuses on the research, production, sales, and technical services of electric control and drive systems for new energy vehicles, as well as the research and production of electrode foils [8]. - The company's revenue has shown an overall growth trend from 440 million CNY to 1.031 billion CNY from 2022 to 2024, although the net profit has been unstable, with figures of -9.61 million CNY, -32.4 million CNY, and 85.48 million CNY for the respective years [8]. Group 4: Recent Performance - In the first three quarters of 2025, Huafeng Co., Ltd. reported revenue of 862 million CNY, an increase of 18.75% year-on-year, but a net loss of -9.93 million CNY, a decline of 288.93% year-on-year [9]. - The revenue growth was attributed to a 60% increase in new energy vehicle business income, while the decrease in net profit was due to lower sales prices and reduced gross margins [9]. Group 5: Market Position - As of November 21, Huafeng Co., Ltd. was trading at 13.22 CNY per share, with a total market capitalization of 2.809 billion CNY [10].

Core Viewpoint - Huafeng Co., Ltd. will undergo a change in its actual controller to Chen Yun, following an agreement for the transfer of shares from the current controller Tan Guoying [1][2]. Share Transfer Details - Tan Guoying will transfer a total of 34 million shares (16.00% of total shares) to Chen Yun, with an initial transfer of 10.7 million shares (5.04%) at a price of 15 CNY per share, totaling approximately 161 million CNY [1]. - A voting rights entrustment agreement was also signed, allowing Chen Yun to exercise the voting rights of the remaining 32.1 million shares (15.11%) held by Tan Guoying [1]. Company Background - Chen Yun is not new to the capital market; he is a co-founder of listed companies Helitai and Sanlipu, and currently serves as the founder and CEO of Shengbaolai Optoelectronics Technology Co., Ltd., holding 60% of its shares [2][3]. - Huafeng Co., Ltd. primarily focuses on the research, production, and sales of electric control and drive systems for new energy vehicles, as well as electrode foil [4]. Financial Performance - Huafeng Co., Ltd. has shown fluctuating financial performance, with revenue increasing from 440 million CNY to 1.031 billion CNY from 2022 to 2024, but with unstable net profits [4]. - The company reported revenues of 658 million CNY, 719 million CNY, and 1.031 billion CNY for 2022, 2023, and 2024 respectively, with net profits of -9.61 million CNY, -32.4 million CNY, and 85.48 million CNY [4]. - In the first three quarters of 2025, Huafeng Co., Ltd. achieved revenues of 862 million CNY, an increase of 18.75% year-on-year, but reported a net loss of -9.93 million CNY, a decline of 288.93% [7].

公告显示，11月28日，华锋股份控股股东、实际控制人及董事长谭帼英与陈运签署了《上市公司股份转 让协议》。约定谭帼英通过协议转让的方式分期转让其持有的公司共计3400万股股份（占公司总股本 16%）给陈运。本次股份转让的标的股份为谭帼英将其持有的公司股份1070万股（占公司总股本 5.04%）及所对应的所有股东权利和权益转让予陈运，本次转让标的股份的转让价格为15元/股，股份转 让价款合计约为1.61亿元。后续股份转让需以本次股份转让完成为前提，在符合监管部门关于股份转让 规定的基础上，于2026年11月23日至2027年1月31日或双方另行约定的期间内，由谭帼英与陈运或陈运 控制的第三方另行签订股份转让协议，转让谭帼英持有的公司2330万股股份。 北京商报讯（记者 马换换 李佳雪）11月29日，华锋股份（002806）披露公告称，陈运将成为公司控股 股东，公司实际控制人将由谭帼英变更为陈运。公司股票将于12月1日开市起复牌。 此外，11月28日，谭帼英与陈运签署了《表决权委托协议》，谭帼英拟将其剩余合计持有的公司 3210.07万股股份（占公司总股本的15.11%）的表决权不可撤销地全权委托给陈运行使。上述 ...

Core Viewpoint - Huafeng Co., Ltd. (002806) announced the progress of control change and the resumption of trading on December 1, following the signing of a share transfer agreement between Tan Guoying and Chen Yun [2][4]. Group 1: Share Transfer Agreement - Tan Guoying will transfer 34 million shares, representing 16% of the total share capital, to Chen Yun in stages [2]. - The initial transfer involves 10.7 million shares, accounting for 5.04% of the total share capital, at a price of 15 CNY per share, totaling approximately 161 million CNY [2]. - The subsequent transfer of 23.3 million shares is contingent upon the completion of the initial transfer, with a specific agreement to be signed between November 23, 2026, and January 31, 2027 [2]. Group 2: Voting Rights Delegation - A voting rights delegation agreement was also signed, where Tan Guoying will irrevocably delegate the voting rights of 32.1 million shares (15.11% of total share capital) to Chen Yun [4]. - This delegation will be effective from the completion of the initial share transfer until the completion of the subsequent share transfer [4]. - Upon the completion of these agreements, Chen Yun will become the new controlling shareholder, replacing Tan Guoying as the actual controller of Huafeng Co., Ltd. [4]. Group 3: Background of Key Individuals - Tan Guoying, born in December 1950, resigned as chairman in September 2020 due to age and later stepped down from the board in January 2021, becoming an honorary chairman [4]. - Chen Yun, born in September 1975, has a background in production management and engineering, and is the founder and current chairman of Shengbaolai Optoelectronics Technology [4].