Leading Foundation: Quzhou Leading Enterprise holds 24.97 billion yuan indirectly controlling 24.27% of the shares.

On November 28, 2024, Quzhou Xiandao Lieyu New Material Technology Co., Ltd., Xiandao Technology Group Co., Ltd., and all partners of Hongtianyuan Fund signed an agreement to acquire all shares for 2.4932 billion yuan, indirectly controlling 24.27% of the company's voting rights. Zhu Shihui became the actual controller after the completion of the transfer on December 3, 2024. During the continuous supervision period from July to September 2025, the company operated in compliance, the obligated information disclosure personnel did not violate their commitments, and there were no violations such as cancelling the supervisory board, changing the board of directors and senior management, and revising the charter. Other follow-up plans were not implemented, and there were no violations regarding guaranteeing loans.