---
title: "FUDAN FORWARD: The controlling shareholder has completed the commitment to resolve the competition with peers"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/262563267.md"
description: "Fudan Forward announced that its controlling shareholder, Fengtou Group, has fulfilled its commitment to avoid competition in the same industry. When Fengtou Group acquired the 18.74% stake held by Fudan University in 2019, it promised to resolve the competition issue within three years, which was later extended by two years after review by the shareholders' meeting. The separation of the \"Baicun Park Business\" has now been completed through equity transfer and other means, ensuring no direct competition with the company. The financial advisor has verified and confirmed that Fengtou Group has fulfilled its commitment"
datetime: "2025-10-24T07:37:31.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/262563267.md)
  - [en](https://longbridge.com/en/news/262563267.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/262563267.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/262563267.md) | [繁體中文](https://longbridge.com/zh-HK/news/262563267.md)


# FUDAN FORWARD: The controlling shareholder has completed the commitment to resolve the competition with peers

Fudan Forward announced that it recently received a notice from its controlling shareholder, Fengtou Group, stating that it has fulfilled its commitment to avoid competition in the same industry. On December 31, 2019, when Fengtou Group acquired 18.74% of the company's shares held by Fudan University, it promised to resolve the competition issue within three years, which was later extended for two more years after approval by the shareholders' meeting. As of now, Fengtou Group has completed the complete divestiture of its "Baicun Park Business" through equity transfers and other means, and there is no direct competition with the company, as it no longer engages in businesses that constitute competition in the same industry. The financial advisor's verification concluded that Fengtou Group has fulfilled its commitment to avoid competition in the same industry

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