Beken Corporation announced that Xu Boxiong, a concerted action person of the company's actual controller, recently passed away. Xu Boxiong held 360,000 shares registered under his name, accounting for 0.24% of the company's current total share capital. He was the father-in-law and concerted action person of Pengfei Zhang, one of the company's actual controllers. Xu Boxiong's shares will enter the inheritance process in accordance with relevant laws and regulations, and the non-trade transfer procedures for the inheritance of the relevant shares have not yet been completed. In the first quarter of 2026, Beken Corporation achieved revenue of 311 million yuan and a net profit attributable to the parent company of 16.23 million yuan.
Beken CorpXu Boxiong's passing triggers inheritance of his 0.24% stake; no material impact on company operations or strategy.