Group 1 - The core point of the article is that HaiMo Technology has undergone a change in its controlling shareholder and actual controller, with Fan Zhonghua becoming the new controlling shareholder, holding approximately 143 million shares, which accounts for 28.02% of the total shares [2] - As of the announcement date, Fan Zhonghua directly holds about 25.52 million shares, indicating a significant ownership stake in the company [2] - The transfer of shares from Shandong New Journey Energy Co., Ltd. and other individuals to Fan Zhonghua has been completed, marking a shift in control [2] Group 2 - For the year 2024, HaiMo Technology's revenue composition is entirely from the oil and gas extraction services industry, indicating a focused business model [3]

General Provisions - The company is established as a joint-stock limited company in accordance with the Company Law and Securities Law of the People's Republic of China [2] - The company was registered on November 26, 2009, in Karamay City and obtained its business license [2] - The company issued 29.3 million shares to the public and was listed on the Shenzhen Stock Exchange on December 8, 2016 [2] Company Purpose and Business Scope - The company aims to become a "domestic first-class, internationally renowned" drilling engineering service provider, focusing on drilling engineering and special drilling technology services [3] - The business scope includes services related to oil and gas extraction, manufacturing and sales of drilling machinery, and import-export of goods and technology [3] Shares - The company's share capital structure consists of 200.9876 million ordinary shares [4] - The company can increase capital through various methods, including issuing shares to unspecified objects or existing shareholders [5] Share Transfer - Shares issued before the public offering cannot be transferred within one year of the company's stock being listed [6] - Directors and senior management must declare their shareholdings and are limited in transferring shares during their tenure [6] Shareholders and Shareholder Meetings - Shareholders have rights proportional to their shareholdings, including profit distribution and participation in shareholder meetings [7] - Shareholders can request the company to buy back their shares if they disagree with certain resolutions [8] Shareholder Meeting Procedures - The company must notify shareholders of meeting details at least 15 days in advance, including time, location, and agenda [17] - Shareholder meetings can be held in person or through electronic means, ensuring all shareholders can participate [19] Voting and Resolutions - Ordinary resolutions require more than half of the voting rights present, while special resolutions require two-thirds [22] - The company must disclose the voting results and resolutions promptly after the meeting [30] Board of Directors - Directors must meet specific qualifications and cannot have a history of criminal activity or financial misconduct [31] - Independent directors serve a term that can be renewed but is limited to six consecutive years [32]

Financial Performance - The company reported a basic earnings per share of -0.0600 yuan for Q1 2025, a decrease of 50% compared to -0.0400 yuan in Q1 2024 [1] - The net profit for Q1 2025 was -0.16 billion yuan, representing a 45.45% decline from -0.11 billion yuan in Q1 2024 [1] - The return on equity (ROE) for Q1 2025 was -26.13%, a significant drop of 86.78% from -13.99% in Q1 2024 [1] Shareholder Structure - The top ten unrestricted shareholders hold a total of 97.39 million shares, accounting for 37.35% of the circulating shares, with a decrease of 205,900 shares compared to the previous period [2] - The largest shareholder, Karamay Urban Construction Investment Development Co., Ltd., holds 47.17 million shares, representing 18.09% of the total share capital, with no change [3] - Notable changes include the exit of Hu Zuping, Barclays Bank PLC, and Shan Haitao from the top ten shareholders [3] Dividend Policy - The company has announced that it will not distribute dividends or transfer shares this time [4]