Core Viewpoint - The transfer of shares from Zhu Xingming to his daughter Zhu Hanyue has been completed, fulfilling the obligations under the gift agreement signed in 2021, and the control of the company remains unchanged [1][4][9]. Group 1: Share Transfer Details - On September 16, the company announced that Zhu Xingming transferred 9.6021 million shares to his daughter Zhu Hanyue through block trading, valued at approximately 770 million yuan [1]. - After the transfer, Zhu Xingming holds 34.99 million shares (1.3% of total shares) and 21.70% of the shares in Huichuan Investment, the largest shareholder of Huichuan Technology [1]. - Zhu Hanyue now directly holds 20.6021 million shares (0.76% of total shares) and 21.70% of Huichuan Investment [1]. Group 2: Background Information - The gift agreement between Zhu Xingming and Zhu Hanyue was signed in September 2021, following Zhu Xingming's divorce from Zhong Jin [2][5]. - The agreement included the transfer of 20.6021 million shares and 21.70% of Huichuan Investment to Zhu Hanyue, with the latter's share transfer completed in 2022 [7]. - Zhu Hanyue has committed to unconditionally delegate the voting rights obtained from the gifted shares and equity to Zhu Xingming [3][9]. Group 3: Company Overview - Huichuan Technology primarily provides core products and solutions for industrial automation, including frequency converters, servo systems, sensors, and industrial vision [5]. - As of September 17, 2025, Huichuan Technology's stock price has increased by over 40% year-to-date [7].

Core Viewpoint - The transfer of shares between Zhu Xingming and his daughter Zhu Hanyue has been completed, fulfilling the obligations of the "Gift Agreement" signed in 2021, and the voting rights associated with the gifted shares will be unconditionally entrusted to Zhu Xingming [1][2][3]. Group 1: Share Transfer Details - On September 8-15, 2023, Zhu Xingming transferred 9.6021 million shares of Huichuan Technology to his daughter Zhu Hanyue through a block trade, valued at approximately 770 million yuan [1]. - After the transfer, Zhu Xingming holds 34.99 million shares (1.3% of total shares) and 21.70% equity in Huichuan Investment, while Zhu Hanyue holds 20.6021 million shares (0.76% of total shares) and 21.70% equity in Huichuan Investment [1][2]. - The "Gift Agreement" between Zhu Xingming and Zhu Hanyue was signed in September 2021, following Zhu Xingming's divorce from Zhong Jin in July 2021, during which he transferred 70.3003 million shares to Zhong Jin, valued at approximately 5.39 billion yuan based on the stock price at that time [2]. Group 2: Company Background and Performance - Huichuan Technology specializes in providing core products and solutions for industrial automation, including frequency converters, servo systems, sensors, and industrial vision [2]. - As of September 17, 2025, Huichuan Technology's stock price has seen an annual increase of over 40% [4]. - Zhu Xingming and Zhu Hanyue are ranked 1181st on the 2023 Hurun Global Rich List with a combined wealth of 19 billion yuan [5]. Group 3: Corporate Governance and Future Implications - The transfer of shares will not result in a change of control for Huichuan Technology, as Zhu Hanyue has unconditionally entrusted her voting rights to Zhu Xingming [3]. - The establishment of a new listed company, United Power, under Zhu Xingming and Zhu Hanyue's names has been initiated, further expanding their business portfolio [5][6].