Core Viewpoint - The company, Shanghai Guoao Electronic Technology Co., Ltd. (Guoao Technology), is undergoing a potential change in control due to the financial difficulties faced by its actual controller, Chen Chongjun, leading to a temporary suspension of its stock trading. Group 1: Control Change and Suspension - Guoao Technology announced a suspension of its stock trading starting December 8, due to the planning of a change in control by its actual controller, Chen Chongjun [1] - The company received a written notice from Chen's spouse regarding the control change, which may lead to a change in the actual controller [1] Group 2: Financial Difficulties of the Controller - Chen Chongjun has faced multiple instances of personal debt repayment issues, resulting in the judicial auction of his shares [2] - In 2024, Chen received regulatory attention, including a warning letter for illegal share reduction and an arrest notice for alleged market manipulation [2] - The company has reported that Chen's shares are under various forms of judicial restrictions, including freezing and pledging, which could impact his control over the company [3] Group 3: Company Financial Performance - For the first three quarters of the year, Guoao Technology reported total revenue of 109 million yuan, a year-on-year decrease of 49.58%, and a net loss of 164 million yuan [4] - The company's cash flow from operating activities was negative at 59.66 million yuan, compared to a positive 7.19 million yuan in the same period last year [4] - Prior to the suspension announcement, the company's stock price increased by 8.9% on December 5, closing at 13.70 yuan per share, with a total market capitalization of 4.659 billion yuan [4]