Zheng Quan Zhi Xing·2025-08-25 16:33Core Viewpoint - The article discusses the expiration and renewal of the concerted action agreement among the actual controllers of Shanghai Conglin Environmental Technology Co., Ltd. (Conglin Technology), highlighting the changes in control and governance structure following the renewal of the agreement [1][6]. Group 1: Original Agreement and Its Expiration - The original concerted action agreement was signed on November 26, 2020, and was valid for three years, requiring unanimous decision-making among the three parties involved [1]. - The parties involved, Song Le Ping, Zhu Long De, and Xing Jian Nan, adhered to the original agreement without any disputes during its term [2]. Group 2: Renewal of the Agreement - A new concerted action agreement was signed by Song Le Ping and Zhu Long De on August 21, 2025, effective from August 25, 2025, for a duration of 36 months [2][3]. - The new agreement stipulates that both parties will exercise their shareholder rights consistently on major operational matters and maintain alignment in board and shareholder meetings [3]. Group 3: Changes in Control - Following the signing of the new agreement, the actual controllers of the company changed from three individuals to two, with Xing Jian Nan opting not to renew the agreement [4]. - Before the change, the three parties collectively controlled approximately 45.78% of the company's shares and voting rights [5]. - After the renewal, Song Le Ping and Zhu Long De together control about 30.48% of the company's shares [5]. Group 4: Impact of the New Agreement - The renewal of the concerted action agreement is expected to promote the company's stable development and improve decision-making efficiency [2][4]. - The company will disclose further details regarding the impact of the renewed agreement in a subsequent announcement [4]. Group 5: Verification by the Sponsor Institution - The sponsor institution, CITIC Securities, confirmed that the actions taken by the parties comply with relevant laws and regulations, and expressed no objections to the changes in the concerted action agreement [6][7].