Core Viewpoint - *ST Songfa has undergone significant changes in its main business, controlling shareholders, and equity structure due to major asset swaps and share issuance for asset purchases, prompting an early board election to ensure integration with the new assets [1] Group 1: Board Restructuring - The seventh board of directors of *ST Songfa is proposed to consist of 9 members, including 3 independent directors and 6 non-independent directors [3] - Chen Hanlun, the son of actual controller Chen Jianhua, has been nominated as a non-independent director candidate, indicating his increasing role in the family-controlled company [3] Group 2: Chen Hanlun's Background - Chen Hanlun, born in 2001, has been active in public appearances since becoming Vice President of Hengli Group in March 2024, showcasing his involvement in significant corporate events [4] - His family's wealth is substantial, with Chen Jianhua and Fan Hongwei ranking 20th on the Hurun Rich List with a net worth of 125 billion yuan [5] Group 3: Company Transformation - Originally engaged in daily ceramic products, *ST Songfa has transformed into a popular stock in the A-share market following a major asset restructuring announcement in October 2024, planning to acquire 100% of Hengli Heavy Industry [7] - The restructuring was completed in May 2025, leading to a management adjustment and relocation of the company's office to Dalian [8] Group 4: Stock Performance - Following the restructuring announcement, *ST Songfa's stock price surged from approximately 14 yuan per share to a peak of 54 yuan, with a market capitalization exceeding 40 billion yuan, up from less than 2 billion yuan prior to the surge [8] - The company anticipates a net profit of 580 million to 700 million yuan for the first half of 2025, marking a turnaround from previous losses [10]