---
title: "Bestore's actual controller is expected to change to the Wuhan State-owned Assets Supervision and Administration Commission, resuming trading on July 18"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/248996410.md"
description: "Bestore announced that its controlling shareholder Ningbo Hanyi and its concerted parties will transfer shares to Wuhan Yangtze International Trade Group. The controlling shareholder will change from Ningbo Hanyi to Yangtze Guomao, and the actual controller will change to the State-owned Assets Supervision and Administration Commission of the People's Government of Wuhan. The company's stock will resume trading on July 18, 2025"
datetime: "2025-07-17T13:45:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/248996410.md)
  - [en](https://longbridge.com/en/news/248996410.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/248996410.md)
---

# Bestore's actual controller is expected to change to the Wuhan State-owned Assets Supervision and Administration Commission, resuming trading on July 18

According to the Zhitong Finance APP, Bestore (603719.SH) announced that its controlling shareholder Ningbo Hanyi Venture Capital Partnership (Limited Partnership) (referred to as "Ningbo Hanyi") and its concerted party Ningbo Bestore Investment Management Co., Ltd. (referred to as "Bestore Investment") have signed a share transfer agreement with Wuhan Yangtze International Trade Group Co., Ltd. (referred to as "Yangtze International Trade"). Ningbo Hanyi intends to transfer 72,239,880 shares of the listed company to Yangtze International Trade, accounting for 18.01% of the total shares of the listed company; Bestore Investment intends to transfer 11,970,120 shares of the listed company to Yangtze International Trade, accounting for 2.99% of the total shares of the listed company. If this transaction is successfully completed, it will result in a change in the company's controlling shareholder and actual controller, with the controlling shareholder changing from Ningbo Hanyi to Yangtze International Trade, and the actual controller changing from Yang Hongchun, Yang Yinfeng, Zhang Guoqiang, and Pan Jihong to the State-owned Assets Supervision and Administration Commission of the People's Government of Wuhan.

In addition, the company's stock will resume trading on July 18, 2025 (Friday) at the market opening

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