Shanghai Yahong Moulding Co LtdControlling shareholder Hainan Ningsheng plans a control change, keeping shares suspended for a second time in three months, with no counterparty or terms disclosed.

Shanghai Yahong announced on the evening of September 11 that, because its controlling shareholder Hainan Ningsheng Tourism Group is planning a major matter that may lead to a change in company control, the company's shares will remain suspended from the market open on September 14, with the suspension expected to last no more than three trading days. This is already the second time this year that Shanghai Yahong has suspended trading due to a control change matter. In June this year, the company disclosed that its controlling shareholder was planning an ownership change, but announced termination just one week later. Less than three months after that, Ningsheng Group is seeking to exit again. Ningsheng Group took control of Shanghai Yahong through a share transfer in February 2021, and actual controller Sun Lin also serves as the company's chairman. As of now, Ningsheng Group holds 41.986 million shares of the company, accounting for 29.99% of the total share capital. The current announcement does not disclose specific details such as the counterparty, the transaction method, or the amount involved, nor does it state the suspension end date or the expected resumption time. On the performance front, Shanghai Yahong delivered its first loss-making annual report since listing in 2025, with a net loss attributable to the parent company of 5.2156 million yuan. In the first half of 2026, the loss situation remained unchanged, with the net loss attributable to the parent company continuing at 3.7937 million yuan.
Shanghai Yahong Moulding Co LtdControlling shareholder Hainan Ningsheng plans a control change, keeping shares suspended for a second time in three months, with no counterparty or terms disclosed.
Ningsheng Group is seeking to exit by planning a major matter that may transfer control of Shanghai Yahong, but no details or counterparty are disclosed.