DAYUAN PUMP(SH:603757) Sou Hu Cai Jing·2026-02-26 06:48Core Viewpoint - The passing of Han Yuanzai, a key founder and actual controller of Dayuan Pump Industry, raises concerns about the future control structure of the company and the potential impact on its stability and governance [2][9]. Group 1: Company Background and Leadership - Han Yuanzai held 21,089,600 shares, representing 11.31% of the total share capital, and was one of the five actual controllers of the company [2][6]. - The company, established in 2017, specializes in the research, production, and sales of various pumps and related services [6]. - Han Yuanzai, who had gradually stepped back from frontline management, was a core member of the founding team and contributed significantly to the company's growth [5][6]. Group 2: Recent Developments - The company confirmed that its production and operational activities remain normal following Han's death [3]. - Just half a month before his passing, Han Yuanzai had planned to transfer a portion of his shares, with a pre-disclosure announcement indicating a potential transfer of up to 9,405,000 shares, or 5.05% of the total share capital [8][10]. - The market is now focused on the implications of Han's death for the share transfer plan and the potential changes in the company's control structure [9][10]. Group 3: Shareholding and Control Concerns - Han Yuanzai, along with four other shareholders, collectively held 56.53% of the company, which is crucial for maintaining control stability [6]. - The division of Han's shares among multiple heirs, if not aligned with the existing "acting in concert" agreement, could weaken the coalition of controlling shareholders and increase the likelihood of external capital involvement [9]. - The ongoing share transfer plan's outcome remains uncertain, with the company indicating that future developments will be communicated through announcements [10].