HAOHAN DATA(SH:688292) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-08-18 23:59Core Viewpoint - The announcement details the termination of the concerted action agreement between the controlling shareholders of Beijing Haohan Deep Information Technology Co., Ltd., Zhang Yue and Lei Zhenming, which will lead to a change in the actual controller of the company and a dilution of shareholding percentages due to stock incentive plans [2][3][10]. Group 1: Termination of Concerted Action Agreement - The concerted action agreement between Zhang Yue and Lei Zhenming, signed in December 2013 and supplemented in February 2021, will not be renewed upon its expiration on August 18, 2025, resulting in the dissolution of their concerted action relationship [4][6]. - After the termination, Zhang Yue will be the sole controlling shareholder, while Lei Zhenming will not seek to control the company, as confirmed by a commitment letter [3][6]. - The decision to terminate the agreement is based on the evolution of the company's governance structure and the independence of decision-making processes among shareholders [7][13]. Group 2: Shareholding and Voting Rights - Prior to the termination, Zhang Yue held 24.87% and Lei Zhenming held 11.45% of the company's shares, with their combined voting rights amounting to 36.32% [9][10]. - Post-termination, Zhang Yue's voting rights will remain at 24.87%, while Lei Zhenming's will be 11.45%, with no change in the total number of shares held [10][11]. - The change in voting rights exceeds 5%, necessitating disclosure under the regulations governing listed companies [10]. Group 3: Impact on Company Governance - The termination of the concerted action agreement is expected to enhance the efficiency of decision-making processes and promote a more market-oriented governance structure [13]. - The company has established a robust governance framework, ensuring that the termination will not adversely affect its operational continuity or financial stability [20][21]. - The actual control of the company will remain stable, with Zhang Yue continuing to play a significant role in strategic decisions and daily operations [12][20]. Group 4: Compliance and Legal Opinions - The termination of the agreement complies with relevant laws and regulations, including the Company Law and Securities Law, and does not affect the company's main business operations [20][22]. - Legal opinions confirm that the dissolution of the concerted action relationship does not violate any legal provisions and is in line with corporate governance standards [22].