Dianhun Network announced on September 16 that its actual controllers Hu Jianping and Chen Fang have completed divorce procedures and arranged for the division of shares, with Hu Jianping transferring 7,282,943 shares he held, representing 3% of the company's total share capital, to Chen Fang. Before this equity change, Hu Jianping held 14,040,452 shares, representing 5.78% of the company's total share capital; Chen Fang held 26,178,500 shares, representing 10.78%. After the change, Hu Jianping holds 7,757,509 shares, representing 2.78% of the company's total share capital; Chen Fang holds 33,461,443 shares, representing 13.78%, and the two parties jointly control 40,218,952 shares, representing 16.56% of the company's total share capital, which remains unchanged. Based on the closing price of 13.07 yuan per share on September 16, the market value of the divided shares is approximately 95.188 million yuan. The announcement shows that Hu Jianping and Chen Fang signed a Concerted Action Agreement on September 15, 2026, with a concerted action period of thirty-six months from the effective date of the agreement; Hu Jianping will continue to serve as chairman of the company's fifth board of directors, and Chen Fang will continue to serve as director and general manager of the company's fifth board of directors. The company stated that this equity change will not lead to a change in actual controllers, does not involve a change of control, and will not affect normal business operations.
Hangzhou Electn Soul NetworkActual controller Hu Jianping divorced and transferred 3% of shares to Chen Fang, but joint control and total stake remain unchanged with no change of control.
