Sichuan Xunyou Network Technology Co LtdOwnership change and loss of largest shareholder status, but no controlling shareholder remains; impact unclear.

The judicial auction of shares held by Xunyou Technology founder Yuan Xu has been completed and transferred. Zibo Yingan Investment Partnership acquired 8.3054 million shares for 296 million yuan, reducing Yuan Xu's stake to 4.74 percent and stripping him of his status as the largest shareholder. Haiyuntian, under Bolaa Network, and its concert parties now hold a combined book stake of 7.60 percent, becoming the largest shareholder, though 3.66 percent of those shares currently cannot exercise voting rights due to historical performance compensation issues. Zibo Yingan was established on May 29 this year, with Zibo Sci-Tech Innovation Fund Port Asset Management acting as its executive partner. This acquisition of Xunyou Technology shares marks its first public investment. The Bolaa camp had just announced a share increase plan of 40 million to 80 million yuan one week before the equity change announcement, and the newly acquired shares are not subject to voting restrictions. As of now, Xunyou Technology still has no controlling shareholder or actual controller.
Sichuan Xunyou Network Technology Co LtdOwnership change and loss of largest shareholder status, but no controlling shareholder remains; impact unclear.
Becomes largest shareholder with increased stake, though part of shares lack voting rights.
Acquires stake in Xunyou Technology, marking its first public investment.
Acts as executive partner of Zibo Ying'an, involved in the acquisition but no direct impact.