Huada Technology: Shareholders terminate the concerted action relationship

2026-03-10 04:23:18

Huada Technology Announcement: The company’s shareholder, Hangzhou Wanhan, has terminated its joint action agreement due to the expiration of its term and Zhang Yaokun transferring his 99% ownership stake in Hangzhou Wanhan. This releases the joint action relationship between Hangzhou Wanhan, Zhang Yaokun, and Zhejiang Zhenyuan. Zhang Yaokun and Zhejiang Zhenyuan still maintain a joint action relationship due to their shareholding control relationship. This termination of joint action will not result in changes to the company’s controlling shareholder or actual controller, nor will it involve changes in shareholders’ holdings or proportions, or market increases or decreases in shares.

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