Core Viewpoint - The auction of shares held by Zheng Suzhen, mother of Xu Xiang, has led to Daheng Technology officially becoming a company without a controlling shareholder, with the new largest shareholder being Li Rongrong, who holds 27.46 million shares, along with her concerted actor Zhou Zhengchang [1][2]. Group 1: Shareholder Changes - Zheng Suzhen's shares were auctioned and transferred on August 8, resulting in Daheng Technology's status change to having no controlling shareholder [1]. - Li Rongrong and Zhou Zhengchang together hold 9.26% of the shares, which is insufficient to control the board or significantly influence shareholder resolutions [1]. Group 2: Auction Details - The auction involved 1.3 billion shares, with Li Rongrong acquiring 27.46 million shares, and other buyers including China New Era Ltd. and several individuals [2]. - Li Rongrong's funding for the auction included 242 million yuan of personal funds and 120 million yuan raised from relatives, while Zhou Zhengchang's funds were primarily from family [4]. Group 3: Financing and Risks - Many buyers, including Li Rongrong, opted for high-interest loans to finance their purchases, with rates reaching up to 12% [4]. - Daheng Technology's explanation for the high financing costs is that the buyers did not gain control of the company and thus could not apply for acquisition loans [4]. Group 4: Future Plans and Industry Context - Daheng Technology plans to invest 600 million yuan to establish a wholly-owned subsidiary in the semiconductor sector, despite lacking relevant expertise and existing client relationships [8]. - The parent company of China New Era, which holds 82.82% of Ningbo Electronic Information Group, possesses semiconductor-related assets, indicating potential strategic alignment [9].