Core Viewpoint - After the collective reduction of shares by the three major shareholders, Jia Mei Packaging (002969) plans to change its control, with the new owner being Yu Hao, the founder of the well-known technology brand Chasing Technology [2][4]. Group 1: Shareholder Changes - Jia Mei Packaging announced a series of announcements on December 16, indicating a change in control through share transfer and partial tender offer [2]. - The controlling shareholder will change from China Food Packaging Co., Ltd. (referred to as "Zhongbao Hong Kong") to Suzhou Zhuyue Hongzhi Technology Development Partnership (Limited Partnership) (referred to as "Zhuyue Hongzhi") [2][7]. - The actual controller will change from Chen Min and Li Cuiling to Yu Hao [2]. Group 2: Share Price Movement - Following the announcements of share reductions by the three major shareholders on November 18, the company's stock price rose from 3.65 yuan/share to 4.56 yuan/share before the suspension on December 9, marking a 25% increase [4][19]. - On December 17, Jia Mei Packaging resumed trading with a "limit-up" [4]. Group 3: Transaction Details - The share transfer involves Zhongbao Hong Kong transferring 279 million shares, representing 29.9% of the total share capital, at a price of 4.45 yuan/share, totaling 1.243 billion yuan [7]. - Zhuyue Hongzhi plans to further acquire 233 million shares, accounting for 25% of the total share capital, at the same price of 4.45 yuan/share [7][10]. Group 4: Financial Commitments - Zhongbao Hong Kong and Chen Min have committed to ensuring that Jia Mei Packaging's net profit will not be less than 120 million yuan annually from 2026 to 2030; otherwise, they will provide cash compensation [11]. Group 5: New Owner Background - Yu Hao, the new owner, is a notable figure with a background in technology, having founded Chasing Technology and developed advanced products in the smart home sector [12][15]. - Chasing Technology has achieved a valuation of approximately 20.5 billion yuan and has shown significant growth in revenue, with a compound annual growth rate of 100% over the past six years [15]. Group 6: Industry Position - Jia Mei Packaging is one of the largest manufacturers of metal beverage cans in China, holding a significant market share in the three-piece can and related printing iron business [18]. - The company has faced challenges in recent years, with revenue growth averaging only 22% from 2019 to 2024, and a decline in revenue and net profit in the first three quarters of 2025 [18][19].