Core Viewpoint - The controlling shareholder of Gaole Co., Ltd. will change to Beijing Liman Yuntu Technology Co., Ltd., with Wang Fan as the actual controller. The company's stock will resume trading on December 2, 2025 [1]. Shareholder Changes - On November 30, Liman Yuntu signed a share transfer agreement with Huadong Group, acquiring 94.72 million shares, representing 10% of the total share capital of Gaole Co., Ltd. [3] - After the transfer and voting rights delegation agreements, Liman Yuntu will hold 94.72 million shares directly, accounting for 10% of the total share capital, and will have voting rights for 206 million shares, which is 21.74% of the total share capital [3]. Company Profile of Liman Yuntu - Liman Yuntu was established on March 24, 2025, with a registered capital of RMB 100 million. Its business scope includes AI software development, integrated circuit sales, and cloud computing equipment sales, but it has not yet commenced actual operations [4]. Wang Fan's Background - Wang Fan, born in November 1991, has been involved in the internet and AI sectors since 2022. He has held various positions in multiple companies, including serving as the director and manager of Liman Yuntu [5]. Financial Performance of Gaole Co., Ltd. - Since Huadong Group took control in November 2022, it aimed to stabilize Gaole's toy business and invest RMB 2 billion in a 2GWh solid-state battery project. However, this project has not yet been put into production, and the company has reported continuous losses since 2019 [7]. - In the first three quarters of this year, Gaole Co., Ltd. achieved a revenue of RMB 226 million, a year-on-year increase of 10.06%, but reported a net loss of RMB 11.67 million [7]. Future Outlook - With the transition from Huadong Group, the future direction of Gaole Co., Ltd. is under scrutiny, particularly regarding the solid-state battery project and the potential impact of a young team with an AI background on the traditional manufacturing company [8].

Core Viewpoint - The article discusses the recent suspension announcement by Gao Le Co., Ltd. due to potential changes in control stemming from its major shareholder, Huatong Group, planning to transfer its shares or delegate voting rights, which may lead to a shift in the company's governance structure [2][6]. Group 1: Company Background - Huatong Group, established in 2003, is the largest shareholder of Gao Le Co., Ltd. and primarily operates in pig farming and slaughtering [5]. - Gao Le Co., Ltd., founded in October 1989, has two main business segments: toys and internet education [6]. Group 2: Shareholding Changes - In November 2022, Huatong Group acquired a 14% stake in Gao Le Co., Ltd. by purchasing 133 million shares for 290 million yuan, along with additional voting rights, resulting in a total control of 21.74% of voting rights [6]. - Following Huatong Group's acquisition, the company aimed to diversify into the new energy battery sector, announcing a 2 billion yuan investment in a 2GWh solid-state battery project in January 2023 [6]. Group 3: Project Adjustments and Financial Performance - By June 2024, the initial project was revised to a 1.2GWh sodium-ion battery project with a reduced investment of 1.05 billion yuan, indicating challenges in the transition to the new energy sector [6]. - As of the first three quarters of 2025, Gao Le Co., Ltd. reported revenues of 226 million yuan, a year-on-year increase of 10.06%, but still faced a net loss of 11.67 million yuan [7].