Core Viewpoint - The announcement from Yishite indicates a significant change in its controlling shareholder, with Hubei Jingjiang Industrial Investment Group acquiring an 18.66% stake for a total of 2.437 billion yuan, making it the new controlling shareholder and placing the Jingzhou State-owned Assets Supervision and Administration Commission as the actual controller of the listed company [1][8]. Group 1: Shareholder Changes - Hubei Jingjiang will acquire 418 million shares (17.93% of total shares) from Guangdong Hengrui at a price of 5.61 yuan per share, totaling 2.343 billion yuan [1][9]. - Oriental Group will irrevocably waive all voting rights associated with its 722 million shares (31.01% of total shares) for five years post-transaction, effectively removing its influence over company decisions [1][2]. - After the transaction, Jingjiang will hold 434 million shares, representing 18.66% of voting rights, while Oriental Group retains its shares but with zero voting rights [2][9]. Group 2: Termination of Previous Agreements - On December 7, 2025, Yishite terminated a previous share transfer agreement with Guangdong Provincial Guangwu Holding Group, which was intended to transfer 17.94% of shares to Guangwu [4][11]. - The termination was due to a lack of consensus on specific arrangements, despite prior approval from the State Administration for Market Regulation [5][11]. Group 3: Company Overview - Yishite, founded in 2001 and listed on the Shenzhen Stock Exchange in 2014, focuses on power electronics technology and energy efficiency management, with strategic business segments in smart power, data centers, and new energy [12]. - The company's product offerings include UPS/EPS systems, power supplies, communication power, high-voltage direct current power supplies, battery systems, and energy management platforms, among others [12].