The proposed change of control in Lan Dai Technology has been approved by the Anhui Provincial State-owned Assets Supervision and Administration Commission, but there is still uncertainty.

date
15/09/2025
On July 9, 2025, Blue Tech's controlling shareholder Zhu Tangfu and others signed a "Stock Transfer Agreement" with Jiangdong Investment. Zhu Tangfu plans to transfer 117 million shares at a transfer price of 1.348 billion yuan, while also signing a "Voting Rights Waiver Agreement". If completed, the controlling shareholder will change to Jiangdong Investment, and the actual controller will become the Ma'anshan City Government. Recently, the company received approval from the Anhui Provincial State-Owned Assets Supervision and Administration Commission, allowing Jiangdong Investment to acquire control through the "agreement transfer + voting rights waiver" method, with Zhu Junhan also issuing a "Commitment Letter". However, this change in control still needs to pass antitrust reviews, compliance audits by the Shenzhen Stock Exchange, and complete the share transfer procedures, which may involve uncertainties. The company will promptly disclose any progress.