Core Viewpoint - He Sheng New Materials is undergoing another change in control, with the major shareholder Zhao Dongming and his associates transferring 18% of the company's shares to Moer Zhixin at a price of 33.71 yuan per share, totaling approximately 1.505 billion yuan [1][3]. Group 1: Share Transfer Details - The share transfer involves 44.66 million shares, representing 18% of He Sheng New Materials' total share capital, with a total transaction value of approximately 1.505 billion yuan [1][3]. - After the transaction, Moer Zhixin will become the controlling shareholder, while Zhao Dongming and his associates will hold 13.72% of the shares and forfeit voting rights on 6% of the shares [3]. - The transfer price represents a discount of about 13% compared to the market price of 38.82 yuan per share as of November 21 [3]. Group 2: Historical Context - He Sheng New Materials has experienced multiple changes in control, initially founded and controlled by Zhao Dongming, then transferred to Zhongke Chuang Asset Management in 2016, and later returned to Zhao Dongming in 2023 after legal issues faced by the previous controller [4]. - The company has a history of control changes, with the most recent shift occurring just over two years after Zhao Dongming regained control [4]. Group 3: New Controlling Entity - Moer Zhixin, the new controlling entity, was established less than three months prior to the acquisition and has a registered capital of 755 million yuan, operating in the software and information technology services sector [5][6]. - The business scope of Moer Zhixin includes various trending areas in the information technology industry, such as information system integration, AI public data platforms, and integrated circuit design and manufacturing [6]. - The actual controller of Moer Zhixin, Xie Haiwen, has a strong background in finance and investment, having held senior positions in various financial institutions [6]. Group 4: Company Performance - He Sheng New Materials has shown a steady increase in revenue and net profit, with a reported revenue of 1.862 billion yuan for the first three quarters of the year, reflecting a year-on-year growth of 1.41%, and a net profit of 144 million yuan, up 67.90% year-on-year [7].