SINOLINK SECURITIES(SH:600109) Zheng Quan Zhi Xing·2025-08-18 16:18Core Viewpoint - The agreement between the controlling shareholders of Beijing Haohan Deep Information Technology Co., Ltd. will not be renewed upon expiration, leading to a change in equity structure and control dynamics within the company [1][3][12]. Group 1: Agreement Signing and Termination - The original agreement was signed in December 2013 and was set to expire 36 months after the company's initial public offering (IPO) on August 18, 2022, with an automatic extension clause [2][3]. - The agreement was adhered to during its validity, with no violations reported by the parties involved [2][3]. Group 2: Reasons for Non-Renewal - The decision not to renew the agreement is based on the fact that the parties are no longer core management team members and have transitioned to independent roles within the company [3][4]. - The company has established a stable governance structure and internal control system, making the agreement unnecessary for operational decision-making [4][8]. Group 3: Changes in Voting Rights - Following the expiration of the agreement, the combined voting rights of Zhang Yue and Lei Zhenming will no longer be calculated together, resulting in a decrease in their respective voting power from 36.32% to 24.87% and 11.45% [5][6]. - The change in voting rights exceeds the 5% threshold, necessitating disclosure under relevant regulations [6]. Group 4: Identification of Actual Controller - After the termination of the agreement, Zhang Yue will be recognized as the sole actual controller of the company, maintaining significant influence over shareholder decisions [6][7]. - The governance structure remains intact, ensuring that the operational continuity and stability of the company are not adversely affected [7][8]. Group 5: Impact of Agreement Termination - The termination of the agreement is expected to enhance decision-making efficiency and promote a more market-oriented governance approach [8]. - The company will continue to uphold its financial independence and operational integrity, with no adverse effects anticipated on its business operations [8][12]. Group 6: Compliance with Regulations - The termination of the agreement complies with relevant laws and regulations, ensuring that the company's governance remains robust and effective [11][12]. - The actions taken are in line with the commitments made by the shareholders regarding shareholding and reduction policies [9][10].