Jiayun Technology resumed trading today. The company's controlling shareholder, Hainan Xinyuhang, signed a share transfer agreement with Ruineng Co., Ltd., planning to transfer 116 million shares to Ruineng, representing 18.31 percent of total share capital, at a price of 5.0287 yuan per share, for a total consideration of approximately 584 million yuan. After the transaction, Ruineng will become the controlling shareholder, and the actual controller will change to Mao Guangfu and Li Li. Mao Guangfu and Li Li are a married couple who together control 65.85 percent of the voting rights in Ruineng. Ruineng was previously listed on the New Third Board and had applied for an IPO on ChiNext, but later withdrew the application due to profit scale issues and is currently still in the tutoring period. Jiayun Technology's main business is internet marketing. In the first quarter of 2026, revenue was 218 million yuan, down 58.07 percent year-on-year, with a net loss attributable to the parent company of 5.9906 million yuan.
KAISA JiaYun Technology IncControlling stake transfer to new owners may bring strategic changes and potential turnaround
Fujian Raynen Tech Co LtdSelling its stake in Jiayun Technology for 584 million yuan