小比例转让+表决权安排，A股控制权交易新玩法密集涌现

Group 1 - The core viewpoint of the article highlights a new trend in A-share control rights changes, characterized by "small proportion transfer + voting rights arrangement," with five companies announcing such changes since November [1] - The companies involved include Hangzhou Genghao, which acquired control of Chuangye Huikang through a 6.23% equity transfer and a 10.06% voting rights delegation, and Xutong Investment, which took control of Hualan Group via a 5.79% equity transfer and a 13.71% voting rights delegation [1] - This low-cost control model allows acquirers to gain control without holding a high percentage of shares, driven by original controlling shareholders' low shareholding ratios and restrictions on large transfers due to specific conditions [1] Group 2 - The trend is referred to as "small share operation" within the industry, where the acquirer can control the listed company without needing a significant shareholding [1] - Original controlling shareholders aim to maximize profits by selling only a portion of their shares while retaining some, anticipating that the new controlling party will bring in quality industry resources and subsequently increase the stock price for better returns on remaining shares [1]