Xiling Information: Proposed change in company's controlling interest, resumption of stock trading.
Xiling Information announced that the company's controlling shareholder and actual controller He Kaiwen and Yue Yamei have signed a "Stock Transfer Agreement" with Shanghai Shengxun Dongyue Information Technology Partnership Enterprise and Shanghai Jinzhongyi Enterprise Management Partnership Enterprise. He Kaiwen intends to transfer 36.38 million shares to Shanghai Shengxun, while He Kaiwen and Yue Yamei intend to transfer 11.599 million shares to Shanghai Jinzhongyi. If the transaction is successfully completed, the company's controlling shareholder will change to Shanghai Shengxun, and the actual controller will change to Cheng Ning. The stock will resume trading on July 28, 2025.
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