10月10日晚，大恒科技公告称，控股股东、实际控制人郑素贞持有的公司1.3亿股无限售流通股被司法 拍卖。 本次权益变动后，郑素贞已不再持有公司股份，李蓉蓉、周正昌合计持股4046万股，占公司总股本的 9.26%，为公司第一大股东及一致行动人。 本次权益变动导致公司控制权变更，公司将变更为无控股股东、无实际控制人。 | | 是否发生变更 | 变更前姓名/名称 | 变更后姓名/名称 | | --- | --- | --- | --- | | 控股股东 | ☑是 □否 | 郑素贞 | 无 | | 实际控制人 | ☑是 □否 | 郑素贞 | 无 | | 变更方式(可多选) | □协议转让 ☑司法划转/拍卖 □定向增发 | | | | | □破产重整引入重整投资人 □表决权委托 | | | | | □行政划转或者变更 □一致行动关系内部转让 | | | | | □一致行动协议答署/解除/变更 □要约收购 | | | | | □间接收购 □表决权放弃 □继承 | | | 公司控制权变更 对于本次控制权发生变更的具体情况，大恒科技公告显示，公司于2024年12月25日收到青岛中院作出的 执行裁定书，裁定将拍卖登记郑素贞所持 ...

10月10日，大恒科技（600288）发布《关于控股股东、实际控制人发生变更的提示性公告》。公告称， 原控股股东、实际控制人郑素贞因持有的1.3亿股（占总股本29.75%）无限售流通股被司法拍卖，成交 17.12亿元。据悉，郑素贞为私募大佬徐翔之母，随着其退出持股名单，大恒科技正式变为无控股股 东、无实际控制人企业，其治理结构重塑后的发展备受市场关注。 公告中提到，郑素贞的股份通过山东产权交易中心进行公开拍卖，拍卖完成后，股份所有权已转移至买 受人，解除股份的冻结措施。此次控制权变更为法院裁定执行，不触及要约收购。 随着郑素贞退出，李蓉蓉和周正昌合计持股4046万股，成为第一大股东及一致行动人。大恒科技表示， 第一大股东及其一致行动人持股9.26%，但无法单独决定董事会半数以上成员选任，也难以对股东大会 决议产生重大影响；第一大股东未参与公司日常经营管理，公司治理由"三会一层"机制运行，管理层独 立运作。 大恒科技表示，本次权益变动后，郑素贞不再持有公司股份，公司将变更为无控股股东、无实际控制 人。公司原控股股东、实际控制人与公司在资产、业务、人员等方面保持独立性，且不存在非经营性资 金占用、违规担保等侵害公 ...

Core Viewpoint - The company plans to utilize part of its temporarily idle raised funds for cash management to improve fund efficiency and increase returns for shareholders [1][4][8] Summary by Sections Fundraising Overview - The company raised a total of RMB 952.25 million through its initial public offering, with a net amount of RMB 865.21 million after deducting issuance costs [1][3] - The funds were deposited into a special account as per regulatory requirements [2] Fund Utilization Status - As of June 30, 2025, the company has invested RMB 410.26 million, representing 47.42% of the total raised funds [3] - The remaining balance of unused raised funds is approximately RMB 454.94 million [3] Cash Management Plan - The purpose of cash management is to enhance the efficiency of fund usage while ensuring the safety of the raised funds [4] - The company plans to invest up to RMB 540 million of the idle funds in low-risk, liquid investment products such as time deposits and structured deposits [5][6] - The investment period will not exceed 12 months, and funds can be rolled over within this limit [5] Decision-Making and Oversight - The board of directors has authorized the chairman to make decisions regarding the cash management within the approved limits [5][6] - The supervisory board supports the cash management plan, stating it aligns with regulatory requirements and protects shareholder interests [7][8] Impact on Operations - The cash management strategy will not affect the normal operation of the company's fundraising projects or its main business activities [6][8] - The expected returns from cash management will be used to supplement any shortfalls in project funding and support daily operational liquidity [5][6]

Group 1 - 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][3] - The company was registered on April 25, 2023, and approved by the China Securities Regulatory Commission for the public issuance of 17 million shares, which were listed on the Shanghai Stock Exchange on July 19, 2023 [3] - The registered capital of the company is 68 million RMB [3] Group 2 - The company's business purpose is centered on intelligent vision, driving advanced manufacturing, pursuing perfection, and creating value [6] - The company's business scope includes research, production, sales, and maintenance of optoelectronic products, electronic information products, optical components, optoelectronic sensors, and computer software [6] Group 3 - The company has issued a total of 68 million shares, all of which are ordinary shares, with a par value of 1 RMB per share [8][21] - The company may increase its capital through various methods, including issuing shares to unspecified objects or existing shareholders, and may reduce its registered capital as per legal requirements [9][23] Group 4 - The company is a permanent joint-stock limited company, and the chairman represents the company in executing its affairs [5] - The legal representative of the company must be determined within 30 days after the resignation of the current legal representative [5] Group 5 - Shareholders have rights to dividends and other forms of profit distribution according to their shareholdings, and they can request the convening of shareholder meetings [13][34] - The company must maintain a shareholder register based on the records provided by the securities registration and settlement institution [32]

Core Viewpoint - The control of Daheng New Epoch Technology Co., Ltd. has changed due to the judicial auction of shares held by its controlling shareholder Zheng Suzhen, leading to a significant shift in ownership and potential implications for the company's future performance [2][3]. Group 1: Shareholder Changes - On August 7, Daheng Technology announced that approximately 130 million unrestricted circulating shares held by controlling shareholder Zheng Suzhen have been transferred, resulting in her no longer holding any shares in the company [2]. - Zheng Suzhen's shares accounted for 29.75% of the company's total equity and were sold for 1.712 billion yuan [2]. - Li Rongrong acquired 27.46 million shares for 360 million yuan, becoming the largest shareholder with a 6.29% stake [2]. Group 2: Financial Performance - Daheng Technology's performance is expected to turn from profit to loss in 2024, primarily due to a significant decline in the operating performance of its subsidiary, Beijing Zhongke Dayang Technology Development Co., Ltd. [3]. - The company reported a non-recurring loss of approximately 20.63 million yuan from the sale of its wholly-owned subsidiary, Taizhou Mingxin Microelectronics Co., Ltd. [3]. - For the first half of 2025, the company anticipates a net loss of approximately 4.06 million yuan, with a loss of 3.46 million yuan after excluding non-recurring items [3]. Group 3: Stock Performance - Despite the anticipated losses, Daheng Technology's stock price has risen significantly, closing at 13.66 yuan per share on August 7, with a total market capitalization of 5.97 billion yuan [4]. - The company's stock has seen a cumulative increase of over 40% year-to-date [4].