Core Points - Zhejiang PinKong Technology Management Co., Ltd. announced the passing of its chairman Zhang Feinan on September 21, 2025, at the age of 40 due to an accident [1] - Zhang Feinan held approximately 35% of the shares in Zhejiang PinKong Technology Management Co., Ltd. [1] Company Overview - Zhejiang PinKong Technology Management Co., Ltd. was established in 2019 with a registered capital of 12.3444 million yuan [1] - The company’s business scope includes technology development, consulting, and services related to network information technology, communication technology, and software/hardware [1] Financing and Subsidiaries - In 2021, Zhejiang PinKong Technology Management Co., Ltd. completed its Series A financing round, with investments from several companies including Hangzhou Qianxun E-commerce Co., Ltd. and Shanghai Jushuitan Network Technology Co., Ltd. [1] - The company’s wholly-owned subsidiary, Zhejiang E-commerce Testing Co., Ltd., is a nationally certified third-party testing organization focused on physical and chemical testing and certification services for textiles, shoes, and bags [1]

Core Viewpoint - The sudden passing of Zhang Feinan, the chairman of Zhejiang PinKong Technology Management Co., Ltd., raises concerns about the company's future and leadership stability, given his significant ownership stake and the company's relatively recent establishment in 2019 [1][5]. Company Overview - Zhejiang PinKong Technology Management Co., Ltd. was established in December 2019 with a registered capital of 12.3444 million RMB [5][6]. - The company is classified as a small and high-tech enterprise, employing approximately 85 people as of 2024 [6]. - Zhang Feinan directly held about 35% of the company's shares, indicating a substantial personal investment in the firm [5][6]. Business Operations - The company specializes in technology development, consulting, and various services related to network information technology, communication technology, and computer software and hardware [7]. - It also engages in wholesale and retail of electronic products and office supplies, as well as providing enterprise management and marketing consulting services [7]. Financing and Investment - In May 2021, Zhejiang PinKong Technology Management Co., Ltd. completed an A-round financing, although the amount raised was not disclosed. The round involved strategic investments from several companies, including Hangzhou Qianxun E-commerce Co., Ltd. and Shanghai Jushuitan Network Technology Co., Ltd. [7][8]. - The company’s subsidiary, Zhejiang E-commerce Testing Co., Ltd., is a nationally certified third-party testing agency, focusing on the physical and chemical testing and certification of products such as textiles and footwear [8].

Group 1 - The chairman of Zhejiang PinKong Technology Management Co., Ltd., Zhang Feinan, passed away on September 21, 2025, at the age of 40 [1] - Zhejiang PinKong Technology Management Co., Ltd. was established on December 16, 2019, and is headquartered in Hangzhou Qiantang New District [3] - The company’s business scope includes technology development, consulting, and various services related to network information technology, communication technology, and computer hardware and software [4] Group 2 - Zhejiang E-commerce Testing Co., Ltd. was founded on January 26, 2018, and is a nationally certified third-party testing organization [6] - The company specializes in physical and chemical testing and certification services for products such as textiles and footwear, with a laboratory area exceeding 10,000 square meters [6] - In 2023, the company issued nearly 600,000 testing reports and employs around 400 staff, all of whom are qualified testing engineers [6]