Core Viewpoint - Standard Shares is planning a significant matter that may lead to a change in control, as notified by its controlling shareholder, Standard Group, in accordance with directives from the Xi'an State-owned Assets Supervision and Administration Commission and Xi'an Industrial Investment Group [2][4]. Group 1: Company Developments - The company announced a stock suspension starting October 21, 2025, for no more than two trading days due to the ongoing planning and uncertainty surrounding the major matter [4]. - In May 2025, it was announced that the indirect controlling shareholder, Shan Gu Group, would transfer 100% of its stake in Standard Group to Xi'an Industrial Investment Group without compensation [4]. - On October 10, 2025, the company disclosed that its chairman, Chang Hong, submitted a resignation report due to work adjustments, with his term originally set to expire on July 7, 2026 [4][6]. Group 2: Financial Performance - Standard Shares reported a revenue decline to 446.4 million yuan in 2024, down over 70% from nearly 1.7 billion yuan in 2021, with over 95% of revenue still coming from sewing machinery-related products [6][7]. - The company has faced continuous net losses for four years, with a net profit of -153.47 million yuan in 2024 and a non-recurring net profit loss for 12 consecutive years [6][7]. - In the first half of 2025, the company's revenue further shrank to 185 million yuan, raising concerns about potential delisting risks if revenue does not exceed 300 million yuan [7][8]. Group 3: Market Position - As of October 20, 2025, Standard Shares had a total market capitalization of 2.564 billion yuan [8]. - The company operates under three major brands: "Standard," "Weiteng," and "Hailing," with a history dating back to 1946 [6].