Baibang Technology: The actual controller changed to Chen Zhu, and the stock will resume trading on April 1st.

date
01/04/2026
On March 31, Bai Bang Technology announced that on March 27, its controlling shareholder Beijing Da An Century Investment Management Co., Ltd., Beijing Yuehua Zhongcheng Investment Management Center and Nanjing Dele Technology Group Co., Ltd. jointly signed a "Share Transfer Agreement". The agreement stipulates that Da An Century and Yuehua Zhongcheng intend to transfer 26.0134 million shares of the listed company to Dele Technology through agreement transfer, at a price of 21.88 yuan per share. After this agreement transfer, the controlling shareholder of the listed company will change to Dele Technology, and the actual controller will change to Chen Zhu. On March 30, the company signed a "Share Subscription Agreement with Attached Conditions" with Nanjing Xingyue Business Management Partnership Enterprise. Xingyue Business intends to subscribe for all 17.6549 million shares of the company's issuance in cash. After the completion of this issuance, without considering other factors that may cause changes in the share capital, based on the planned number of shares to be issued, Xingyue Business will hold a 12.13% stake. Through the above transactions, Dele Technology becomes the controlling shareholder of the listed company, Xingyue Business becomes a concerted action party of Dele Technology, and Chen Zhu, the actual controller of Xingyue Business and Dele Technology, becomes the actual controller of the listed company. Upon application, the company's stock will resume trading from the morning of April 1.