Group 1 - The long-standing issue of fund occupation by the controlling shareholder of Shangwei Co., Ltd. has been resolved, with the shareholder Li Guangsheng signing a compensation agreement with Fuhua Chemical, which has repaid the previously occupied funds of 5 million yuan [1][3] - Fuhua Chemical has increased its stake in Shangwei Co., Ltd. to 15.38% as of April 8, 2024, and through judicial auctions, it has acquired additional shares, potentially raising its ownership to 25.35%, surpassing Li Guangsheng and becoming the controlling shareholder [1][3] - The company faced regulatory scrutiny from the Sichuan Securities Regulatory Bureau due to Li Guangsheng's improper fund occupation and disclosure issues, leading to administrative measures against both the company and the shareholder [2][3] Group 2 - Shangwei Co., Ltd. specializes in the research, production, and sales of high-end special cables, including those for nuclear power plants, rail transit, and renewable energy applications [3] - For the first three quarters of 2024, the company reported revenue of 1.198 billion yuan, a year-on-year decline of 25.34%, and a net profit of 18.9976 million yuan, down 37.32% year-on-year [3] - Fuhua Chemical has established a comprehensive green circular industry model in the chemical sector, with significant production capacities in mineral resources and chemical products, indicating potential synergies with Shangwei Co., Ltd. [4][5]