Jiahua Technology disclosed a self-inspection report on stock trading by insiders with knowledge of the termination of its acquisition of a 90 percent stake in Shudun Technology. Four individuals associated with the target company were found to have traded Jiahua Technology shares during the inspection period. The company decided on June 5, 2026 to terminate the plan to purchase a 90 percent stake in Shudun Technology through a combination of share issuance and cash payment, along with a related fundraising effort. The inspection period ran from November 24, 2025 to June 6, 2026. The self-inspection found that four individuals linked to the target company Shudun Technology — Ren Jingshun, Li Hao, Wang Yu, and Kang Yuquan — traded Jiahua Technology shares during the inspection period. These four are either individual shareholders of Shudun Technology or work for corporate shareholders of Shudun Technology, and have no affiliation with Jiahua Technology. Among them, Ren Jingshun bought and sold a total of 67,272 shares shortly before the restructuring termination announcement was published. Li Hao, Wang Yu, and Kang Yuquan conducted short-term trades shortly after the restructuring plan was disclosed. All four stated that the trades were personal financial investments and that there was no use of inside information. Jiahua Technology has reported losses for five consecutive years, with cumulative losses exceeding 800 million yuan. In the first quarter of 2026, revenue fell another 24.25 percent year-on-year, net profit attributable to the parent company was a loss of 20.2957 million yuan, and net cash outflow from operating activities was 33.8933 million yuan.
RocKontrol Technology Group Co LtdTarget company Shudun Technology's restructuring with Jiahua Technology terminated; four individuals associated with Shudun traded Jiahua shares during window period.