Asun Group: Controlling shareholder plans to change control rights, stock to resume trading on December 23rd.

As announced by the Hsun Sheng Group, starting from December 19, 2025, the company's stock will be suspended due to the planned change of controlling rights by the controlling shareholder and actual controller, Xu Xudong. On December 22, Xu Xudong, Chen Xingfang, and others signed an agreement with Guangzhou Industrial Control Group and Industrial Control Automotive Parts Group. Xu Xudong plans to transfer 51% of the equity of Xusheng Holdings, while Chen Xingfang plans to transfer 49% of the equity. Xuri Industry and Xu Xudong will respectively transfer 28.9 million shares of the company. After the equity change, Guangzhou Industrial Control Group and its concerted actions will hold 27.0455% of the shares, with the controlling shareholder changing to Guangzhou Industrial Control Group and the actual controller becoming the Guangzhou Municipal People's Government. This matter still requires multiple approvals, and the company's stock will resume trading starting from December 23.