Biolight terminates control change and co-opts two directors including the founder of Weigu Information

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Biolight announced the termination of its planned control change, but the company's capital operations are still moving forward. On the evening of August 9, Biolight disclosed the termination of the control change. At the same time, the board received written resignation reports from Zhang Daoguo and Xu Wei. After resigning as non-independent directors, the two will continue to serve as vice president and general manager of the active manufacturing system, and chief financial officer and general manager of the finance system, respectively. The company plans to nominate Wu Jia and Liu Jia as non-independent directors of the ninth board. Both were born in 1982 and are respectively the founder, chairman and president, and co-founder and vice president of Weigu Information Technology Quzhou Company. In January this year, Biolight's actual controllers Yan Jinyuan and Wang Shi signed a share transfer agreement with Zhejiang Quwei Zhihe Holding Partnership, transferring 18.5206 million shares at 9.45 yuan per share, representing 7 percent of total share capital, for a total transaction price of about 175 million yuan. After the transfer was completed in May, Quwei Zhihe became the second-largest shareholder, with Wu Jia serving as its executive partner. On June 29, Biolight established Zhuhai Weibao Technology, in which the listed company holds 51 percent. Its business scope covers integrated circuit chip and product sales, design and services, extending the company's reach from medical devices into the semiconductor sector.

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威固信息技术（衢州）股份有限公司Private± Mixed
Capitalrelevance

Founder and co-founder nominated as directors, indicating involvement in Biolight's capital operations.

珠海市威宝科技Private± Mixed
Capitalrelevance

Newly established subsidiary with 51% ownership, extending into semiconductor sector.

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