Core Viewpoint - Jiangsu Wuyang Self-Control Technology Co., Ltd. is undergoing a significant change in its controlling shareholder, with the transfer of 15% of its shares from the current controlling couple to Shenzhen Gaowu Zhuoyue Intelligent Technology Partnership [1][3] Shareholder Change - The controlling shareholders, Hou Youfu and Cai Min, signed an agreement to transfer 15% of their shares to Gaowu Zhuoyue, with Hou transferring 8.44% and Cai transferring 6.56% of the total share capital [3] - The total transaction price is 675 million yuan, with a per-share transfer price of approximately 4.03 yuan, reflecting a discount of about 10% compared to the closing price of 4.55 yuan on September 10 [3] - After the transfer, Gaowu Zhuoyue will hold 15% of the shares, and the actual controller will change to Yao Xiaochun, the executive partner of Gaowu Zhuoyue [3] Financial Aspects - Gaowu Zhuoyue has received an investment of 337.5 million yuan from Guangdong Zhongtai Industrial Technology Co., Ltd. and has secured a bank project acquisition loan intention letter, with financing not exceeding 60% of the transaction price [4] - The board of directors will be restructured post-transfer, consisting of 9 members, with at least 4 non-independent directors nominated by Gaowu Zhuoyue [4] Purpose of the Transfer - Gaowu Zhuoyue aims to leverage its advantages to enhance Wuyang Self-Control's business development and profitability, creating better returns for all shareholders [4] - The current shareholders, Hou Youfu and Cai Min, indicated that the reduction in holdings is primarily due to personal financial needs and capital planning [5] Historical Context - The controlling couple's shareholding has significantly decreased since the company's IPO, from over 34% to 19.74% due to multiple reductions and financing [8] - The company's performance has shown fluctuations, with a peak revenue of 1.632 billion yuan in 2020, followed by a loss of 177 million yuan in 2021 due to rising raw material prices and credit issues [8] - In 2024, the company reported a revenue of 1.01 billion yuan, a year-on-year decline of 25.82%, and a net loss of 87.22 million yuan, marking a significant downturn [8]