---
title: "XUERONG's actual controller is expected to change to Jiang Zhi, and trading will resume on March 13"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/231559413.md"
description: "XUERONG announced that its controlling shareholder Yang Yongping has signed an agreement with Wan Zi Qian Hong to transfer the controlling stake to Wan Zi Qian Hong, and the actual controller will change to Jiang Zhi. The relevant share transfer agreement and voting rights entrustment agreement will take effect on March 12, 2025, and the stocks and convertible bonds will resume trading on March 13, 2025"
datetime: "2025-03-12T14:45:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/231559413.md)
  - [en](https://longbridge.com/en/news/231559413.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/231559413.md)
---

# XUERONG's actual controller is expected to change to Jiang Zhi, and trading will resume on March 13

According to the announcement from XUERONG (300511.SZ), on March 12, 2025, Mr. Yang Yongping, the controlling shareholder and actual controller of the company, signed the "Framework Agreement on the Change of Control of Shanghai XUERONG Biotechnology Co., Ltd." with Shanghai Wanziqianhong Intelligent Technology Co., Ltd. ("Wanziqianhong"). The agreement stipulates that this transaction will consist of Mr. Yang Yongping and his concerted party Zhejiang Yinwan Private Fund Management Co., Ltd. - Yinwan Huayi No. 1 Private Securities Investment Fund (hereinafter referred to as "Yinwan Huayi No. 1") transferring part of their shares to Wanziqianhong, Mr. Yang Yongping entrusting all remaining voting rights of his shares to Wanziqianhong, and Wanziqianhong cash subscribing for the new shares issued by the company to specific objects.

On the same day, the aforementioned parties signed the "Share Transfer Agreement," "Voting Rights Entrustment Agreement," and "Conditional Share Subscription Agreement." After the "Share Transfer Agreement" and "Voting Rights Entrustment Agreement" take effect, the company's controlling shareholder and actual controller will change, with Wanziqianhong becoming the new controlling shareholder and Mr. Jiang Zhi becoming the new actual controller.

After the company applied to the Shenzhen Stock Exchange, the company's stock and convertible bonds will resume trading starting from March 13, 2025

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