New Gonow RV Maintains Control After Major Share Transfer
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New Gonow Recreational Vehicles, Inc. (HK:0805) announced that Snowy.M Holdings Limited transferred 155 million shares (16.15% of issued share capital) to investor Kan Chi San on May 4, 2026. Despite this transfer, controlling shareholders retain approximately 54.31% of shares and voting rights. The board anticipates no adverse operational impact but advises caution to shareholders and potential investors regarding stock trading. New Gonow, based in the Cayman Islands, focuses on recreational vehicle businesses and is led by Chairman and CEO Mr. Miao Xuezhong.
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