Linglong Tire’s actual controller Wang Feng has transferred his entire 14.55% stake in the controlling shareholder Linglong Group to his spouse Dai Yunxia at zero consideration. As a result, Dai Yunxia indirectly holds approximately 6% of Linglong Tire, with a market value of about 1.038 billion yuan based on the current share price. After the transfer, Wang Feng no longer directly holds equity in Linglong Group, but still indirectly holds approximately 4% of Linglong Tire through Yingcheng Trading Co., Ltd. Dai Yunxia has also signed a concert party agreement with Wang Feng, Wang Xicheng, Zhang Guangying, and Wang Lin, further consolidating the Wang family’s control over Linglong Group. Wang Feng is the son of Linglong Tire founder Wang Xicheng. He previously resigned as company president but remains chairman.
Shandong Linglong Tyre Co LtdOwnership transfer among family members; no direct impact on company operations.
Controlling shareholder equity transfer within family; no operational change.