Zheng Quan Zhi Xing·2025-07-16 16:25Core Viewpoint - The report details the equity changes of Shanghai Chuangxing Resource Development Co., Ltd., indicating that the actual controller will change following the acquisition of 67 million shares, representing 15.75% of the total share capital, by several entities including Fujian Pingtan Yuanchu Investment Co., Ltd. and others through judicial auction [1][8][12]. Group 1: Equity Change Details - The equity change involves an increase in shares through participation in a judicial auction, with a total payment of 234,113,600.00 RMB for the shares [1][5][8]. - The entities involved in the equity change include Fujian Pingtan Yuanchu Investment Co., Ltd., Wenling Lixin Machinery Co., Ltd., and individuals Zhong Renzhi and Yan Yi, who collectively hold significant shares post-acquisition [3][4][12]. - The shareholding structure post-acquisition will see Pingtan Yuanchu holding 6.82%, Wenling Lixin 3.06%, Zhong Renzhi 3.29%, and Yan Yi 2.59% [8][12]. Group 2: Impact on Company Control - The equity change will result in a change of the actual controller of the company to Wang Xiangrong, who, through the control of Pingtan Yuanchu and Wenling Lixin, will indirectly control 9.87% of the total share capital [8][12]. - Wang Xiangrong and his concerted parties will collectively control 15.76% of the total share capital, allowing them significant influence over shareholder meetings [12]. - The company will maintain its independence in operations, assets, and finances despite the change in control, as confirmed by a commitment letter from the disclosing parties [12]. Group 3: Financial and Operational Overview - Fujian Pingtan Yuanchu Investment Co., Ltd. has a registered capital of 10 million RMB and primarily engages in investment activities [3][4]. - Wenling Lixin Machinery Co., Ltd. has a registered capital of 1.08 million RMB and focuses on manufacturing pumps and vacuum equipment, although it has not conducted actual business activities in recent years [7][12]. - The financial data for Pingtan Yuanchu shows total liabilities of 2.54 million RMB and total equity of 190.94 million RMB as of March 31, 2025 [7]. Group 4: Future Plans and Commitments - There are no immediate plans for significant changes to the company's main business or major asset transactions within the next 12 months following the equity change [9][10]. - The disclosing parties have committed to not transferring their shares for 18 months post-acquisition, ensuring stability in control [12]. - The company will continue to operate independently and maintain its business structure without major adjustments planned [10][11].