Shanghai Yahong Moulding Co Ltd

Shanghai Yahong announced on the evening of September 16 that its controlling shareholder will change to Shanghai Feike Investment Co., Ltd., and its actual controller will change to Li Gaiteng. Trading in the company's shares will resume from market open on September 17. On September 16, Ningsheng Group, Xie Yaming, and his concert party Xie Yue signed a Share Transfer Agreement with Feike Investment, under which they intend to transfer a combined 29.99% stake in Shanghai Yahong to Feike Investment at 21.43 yuan per share, for a total consideration of approximately 900 million yuan. Ningsheng Group will transfer 12.99%, Xie Yaming 15.60%, and Xie Yue 1.40%. Subject to completion of the above agreement transfer, Feike Investment intends to make a partial tender offer to all Shanghai Yahong shareholders other than itself at 21.43 yuan per share, for 10.21% of the shares. Ningsheng Group and Xie Yaming have committed to tender 5.70% and 4.51% respectively of their tradable shares without selling restrictions. If the transaction is completed, Feike Investment's shareholding will reach 40.20%. Feike Investment's current shareholders are Li Gaiteng and Chen Yufeng, with shareholdings of 98% and 2% respectively. Shanghai Yahong stated that after this equity change is completed, Feike Investment will promote optimization of the company's management and resource allocation, improve its industrial layout, and achieve diversified business development. Shanghai Yahong's operating revenue in the first half of 2026 fell 14.26% year-on-year to 174 million yuan, and net profit attributable to the parent company fell 110.07% year-on-year to a loss of 3.7937 million yuan.

Shanghai Yahong's controlling shareholder Ningsheng Group, along with shareholders Xie Yaming and Xie Yue holding more than 5% of shares, signed a share transfer agreement with Feike Investment, agreeing to transfer a combined 29.99% stake in the company at 21.43 yuan per share for a total price of 900 million yuan. Feike Investment will become the company's controlling shareholder, and Li Gaiteng, founder of Feike Electric, will become the company's actual controller. Subject to completion of the above agreement transfer, Feike Investment plans to launch a partial tender offer for 10.21% of the company's shares at 21.43 yuan per share. Trading in the company's shares will resume on September 17, 2026. This is the second time this year that Shanghai Yahong has planned a change of control. In June this year, the company disclosed a planned change of control and suspended trading, but the deal collapsed a week later after the counterparty failed to reach agreement internally on certain specific details. Shanghai Yahong is mainly engaged in precision mold research and development, injection molding production, SMT product assembly, and manufacturing of smart toilets and other products. In 2025, the company posted its first net loss since listing. In the first half of 2026, revenue was 174 million yuan, down 14.3% year on year, while net profit attributable to the parent company swung from a loss of 1.81 million yuan in the same period last year to a loss of 3.79 million yuan. Feike Investment is the controlling shareholder of Feike Electric, known as the domestic king of electric shavers. Li Gaiteng, from Wenzhou, Zhejiang, founded Feike Electric in 1999. In January 2020, Hurun Research Institute's 2019 Hurun China 500 Most Valuable Private Companies ranked Feike Electric 443rd with a market value of 16 billion yuan.

Shanghai Yahong announced that Feike Investment will become the company's controlling shareholder, and trading in its shares will resume from tomorrow. Several companies released important announcements that evening: Jingwei Holdings said China Software Xi'an plans to acquire 29.68% of the company's total share capital at 53 yuan per share, with trading to resume tomorrow; Kanghui's subsidiary signed a 1.72 billion yuan computing power service contract and a 1.141 billion yuan computing power server purchase and sale contract; Henggong Precision plans to issue convertible bonds of no more than 810 million yuan for projects including embodied intelligent robots; Ruifeng Polymer Materials plans to acquire a 68.065% stake in Mitop New Materials for 499 million yuan; Sany Heavy Industry repurchased 16.6206 million shares today, paying 299 million yuan. In addition, Shanghai RAAS's SR604 injection has entered Phase III clinical trials, and no product targeting the same receptor as this drug has been launched globally; Hwatsing Technology has completed its share repurchase, with a cumulative repurchase amount of 60.2245 million yuan.