Asun Group: Guangzhou Industrial Control Group and its concerted action person acquired 255 million shares of the company, and the actual controller changed to the Guangzhou Municipal People's Government.
Announcement of Xusheng Group: Xu Xudong, Chen Xingfang and their concerted action person Hong Kong Xuri Industrial Co., Ltd., and Ningbo Meishan Bonded Port Area Xusheng Holdings Co., Ltd. collectively hold 313 million shares of the company, accounting for 27.0455% of the total shares. On December 22, 2025, Xu Xudong, Chen Xingfang, Xusheng Holdings, and Xuri Industrial signed the "Control Rights Acquisition Agreement" and "Stock Transfer Agreement" with Guangzhou Industrial Investment Holdings Group Co., Ltd. and its concerted action person Guangzhou GK Automotive Parts Group Co., Ltd. According to the agreement, Guangzhou GK Automotive Parts Group Co., Ltd. acquired 100% equity of Xusheng Holdings held by Xu Xudong and Chen Xingfang, as well as 57.8 million unrestricted tradable shares of the listed company held by Xuri Industrial and Xu Xudong, at a price of 794 million yuan, with a per share price of 13.74 yuan. After the transaction, Guangzhou GK Group and its concerted action person directly and indirectly control 313 million shares of the listed company, accounting for 27.0455% of the total share capital. The actual controller of the company changes to the Guangzhou Municipal Government.
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