---
title: "TECHSEM's actual controller is expected to change to the Hubei Provincial State-owned Assets Supervision and Administration Commission, resuming trading on June 20"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/245282421.md"
description: "TECHSEM announced that the actual controller will change from Mr. Xing Yan to the Hubei Provincial State-owned Assets Supervision and Administration Commission. This change involves the equity transfer and control transfer agreement signed between the Yangtze River Industrial Investment Group and Mr. Xing Yan along with 29 other individuals. The Yangtze River Industrial Group will become the controlling shareholder of the new entity, holding 26.32% of the voting shares. The company's stock will resume trading on June 20, 2025"
datetime: "2025-06-19T12:09:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/245282421.md)
  - [en](https://longbridge.com/en/news/245282421.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/245282421.md)
generator: "portal-rs"
---

# TECHSEM's actual controller is expected to change to the Hubei Provincial State-owned Assets Supervision and Administration Commission, resuming trading on June 20

According to the announcement from Zhitong Finance APP, TECHSEM (300046.SZ) has recently received a notice regarding the equity transfer and control transfer agreement signed between Changjiang Industrial Investment Group Co., Ltd. (hereinafter referred to as "Changjiang Industrial Group"), the company's actual controller Mr. Xing Yan, and 29 other individuals (hereinafter referred to as "Transferors"), as well as New Yiyuan. The Transferors are transferring 5,767,600 shares of New Yiyuan (corresponding to a registered capital of 5,767,600 yuan, accounting for 32.0369% of New Yiyuan's equity) to Changjiang Industrial Group, and are entrusting the voting rights corresponding to the remaining 11,485,000 shares of New Yiyuan (corresponding to a registered capital of 11,485,000 yuan, accounting for 63.7949% of New Yiyuan's equity) to be exercised by Changjiang Industrial Group. At the same time, the remaining 11,485,000 shares of New Yiyuan (corresponding to a registered capital of 11,485,000 yuan, accounting for 63.7949% of New Yiyuan's equity) will be pledged to Changjiang Industrial Group. After the completion of this equity change, Changjiang Industrial Group will become the controlling shareholder of New Yiyuan, thereby obtaining control of the company and becoming the indirect controlling shareholder.

After the completion of this equity change, the number of shares held by New Yiyuan in the company remains unchanged, and the controlling shareholder of the company is still New Yiyuan. Changjiang Industrial Group controls 62,258,000 shares with voting rights in the company (accounting for 26.32% of the company's total share capital), and the actual controller of the company changes from Mr. Xing Yan to the State-owned Assets Supervision and Administration Commission of the People's Government of Hubei Province (hereinafter referred to as "Hubei SASAC").

After the company applied to the Shenzhen Stock Exchange, the company's stock will resume trading starting from June 20, 2025 (Friday)

### Related Stocks

- [300046.CN](https://longbridge.com/en/quote/300046.CN.md)
- [CP00062.US](https://longbridge.com/en/quote/CP00062.US.md)

## Related News & Research

- [Bollywood stars told to stop appearing in surrogate ads in Indian state's food safety drive](https://longbridge.com/en/news/296102317.md)
- [YieldMax INTC Option Income Strategy ETF declares $0.642 dividend](https://longbridge.com/en/news/296365803.md)
- [BitMart shutdown gets messy as staff speak out over unpaid wages](https://longbridge.com/en/news/296089549.md)
- [Rocky Mountains Group names Ya Deng CEO, replacing Zonghan Wu](https://longbridge.com/en/news/296512865.md)
- [YieldMax META Option Income Strategy ETF declares $0.0466 dividend](https://longbridge.com/en/news/296363698.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**