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The China Securities Regulatory Commission website disclosed that Ningxia Xiaoniu Automation Equipment Co., Ltd. filed for guidance registration with the Ningxia Securities Regulatory Bureau on June 15, 2026, planning to publicly issue shares and list on the stock exchange, with Guoxin Securities as the guiding securities firm. Regarding shareholders, Wang Xiaoniu is the controlling shareholder and actual controller of the company. As of June 12, 2026, Wang Xiaoniu directly holds 30.50% of the company's equity, indirectly controlling 19.99% of the company's equity through Shanghai Xiaoniu Shaoguang Enterprise Management Co., Ltd. and Shanghai Xiaoniu Juwei Enterprise Management Co., Ltd.; In addition, Wang Xiaoniu, shareholder Wang Fangbai, and shareholder Wang Yiqin constitute a concerted action relationship, and Wang Yiqin has entrusted Wang Xiaoniu to exercise all the company's shares he directly holds, as well as the corresponding voting rights and other rights of the company's direct and indirect shareholders; Therefore, Wang Xiaoniu controls a total of 58.11% of the company's voting rights, and Wang Xiaoniu and his concerted action parties collectively control 65.74% of the company's voting rights.