Sun-Novo(SH:688621) 2 1 Shi Ji Jing Ji Bao Dao·2025-11-03 02:29Group 1 - Sunshine Nuohuo (688621.SH) announced on November 1 that the Shanghai Stock Exchange issued an inquiry letter regarding its plan to issue shares and convertible bonds for asset acquisition and fundraising, focusing on the disclosure of relationships among transaction parties [1] - The company previously disclosed a restructuring draft indicating that some transaction parties had relationships or acted in concert, but did not clarify the basis for these relationships or whether they constituted concerted action [1] - The company detailed the relationships among several transaction parties, including its controlling shareholder Li Qian holding 28.21% of Langyi Investment, and Kang Yanlong serving as the executive partner with a 17.12% stake, which constitutes a concerted action relationship [1] Group 2 - Regulatory findings indicated that Kaitai Mind and Kaitai Rui are both controlled by Hangzhou Kaitai Capital Management Co., Ltd., while Jiaxing Jiade and Qingdao Xizi are controlled by Shenzhen Xizi Private Equity Investment Fund Management Co., Ltd., and Yijian Dinghong and three other companies are controlled by Guangdong Yijian Investment Co., Ltd., with these relationships not adequately disclosed in the draft [1] - Regarding the relationship between Jilin Aodong and institutions like GF Securities' GF Qianhe and Xinde Phase I, the company stated that according to relevant securities industry regulations on subsidiary independence, Xinde Phase I and GF Qianhe operate independently and do not constitute a concerted action relationship [2] - Newyu Zhongyou, as a co-investment platform of GF Xinde, is considered to have a concerted action relationship with Xinde Phase I [2]