Asun Group: Controlling shareholder intends to change to Guangzhou Industrial Control Group, changes in equity await approval.

Xusheng Group announced that on December 22, 2025, the controlling shareholder and actual controller Xu Xudong and its concerted action parties signed an agreement with Guangzhou Automation Control Group. Xu Xudong and others plan to transfer the equity of Xusheng Holdings, while Xuri Industrial and Xu Xudong will respectively transfer 28.9 million shares of the company to Guangzhou Automotive Parts Group. After the equity changes, Guangzhou Automation Control Group and its concerted action parties will hold 27.0455% of the shares, Xu Xudong and its concerted action parties will hold 21.6162%, and the controlling shareholder will be changed to Guangzhou Automation Control Group, with the actual controller being changed to the Guangzhou City Government. As of the announcement disclosure date, the matter is progressing in accordance with the plan, but there are still many approvals needed and the results and timing are uncertain.