Core Points - Zhongzhi Water Holdings Co., Ltd. disclosed the latest progress regarding the equity transfer by its major shareholder, Changjiang Ecological Environmental Group Co., Ltd., which plans to transfer all of its 63,132,978 shares, accounting for 24.73% of the total share capital, through a public solicitation transfer [2] - During the public solicitation period, Jiangsu Xinchangzheng Microelectronics Group Co., Ltd. submitted an application to acquire the shares [2] - The completion of the share transfer is uncertain and depends on the approval from relevant authorities, which may lead to a change in the company's largest shareholder if approved [2] Company Overview - Jiangsu Xinchangzheng Microelectronics Group Co., Ltd. is a high-tech enterprise engaged in the design, research and development, and packaging of new power semiconductor devices, with core businesses including silicon-based chips and modules, third-generation semiconductor chips and modules (SiC, GaN), and power device testing equipment [2]