Zheng Quan Shi Bao·2025-11-06 14:54Core Viewpoint - The company announced a planned change in control involving its major shareholder, which was later terminated due to disagreements on key terms with the counterparties [2][3][6]. Group 1: Control Change Announcement - On October 30, the company announced that its major shareholder, Jiangyin Biaobang Network Technology Co., Ltd., and actual controller Zhao Qi were planning a change in control [2]. - The company applied for a trading suspension starting October 31, 2025, with an expected duration of no more than two trading days [2]. - As of November 3, the company indicated that negotiations were ongoing, and no formal agreements had been signed, leading to an extension of the trading suspension [2][3]. Group 2: Termination of Control Change - On November 6, the company announced the termination of the control change due to a lack of consensus on core terms with the counterparties [2][3]. - The company stated that the termination would not have a significant adverse impact on its operational performance and financial status [3]. - The entire process from the announcement of the control change to its termination took only one week, during which the company's stock was not traded [4]. Group 3: Company Overview - The company specializes in the research, production, and sales of automotive nylon pipelines and connectors, including power system connection pipelines and cooling system connection pipelines [5]. - It is one of the few companies in China that has entered the supply system of joint venture brand automobile manufacturers [5]. - As of the end of the third quarter, the company had approximately 10,400 shareholders [6].