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 the directives from the Xi'an State-owned Assets Supervision and Administration Commission and Xi'an Industrial Investment Group [2]. Group 1: Company Developments - The company announced a stock suspension starting from October 21, 2025, due to the ongoing planning and uncertainty surrounding the significant matter [6]. - The indirect controlling shareholder, Shaanxi Drum Group, transferred 100% of its stake in Standard Group to Xi'an Industrial Investment Group without compensation earlier in May 2025 [6]. - On October 10, 2025, the chairman, Chang Hong, submitted a resignation report, citing work adjustments as the reason for leaving his positions [6][8]. Group 2: Financial Performance - Standard Shares reported a revenue decline, with 2024 revenue dropping to 446 million yuan from nearly 1.7 billion yuan in 2021, representing a decrease of over 70% [8]. - The company has faced continuous net losses for four years, with a net profit of -153.4 million yuan in 2024 and a non-recurring net profit loss for 12 consecutive years [9]. - In the first half of 2025, the company's revenue further declined to 185 million yuan, raising concerns about potential delisting risks if revenue falls below 300 million yuan [9][10]. Group 3: Market Position - As of October 20, 2025, Standard Shares had a total market capitalization of 2.564 billion yuan [10]. - The stock price showed fluctuations, with a closing price of 7.41 yuan and a market performance indicating a 3.64% increase on the last trading day [11].