The controlling shareholder camp of QingCloud Technologies has terminated the plan to transfer a 5.04 percent stake to Beijing Chenlong Yima Private Equity Fund Management. The controlling shareholders and actual controllers, Huang Yunsong and Lin Yuan, along with their concert parties, had originally planned to transfer 2.41 million shares, representing 5.04 percent of the company's total share capital. Due to adjustments in commercial arrangements, both sides reached an agreement to cease performance of the relevant agreements. In the first quarter of 2026, QingCloud Technologies achieved revenue of 47.63 million yuan and a net loss attributable to the parent company of 13.72 million yuan.
QingCloud Technologies Corp.Termination of a planned stake transfer indicates potential instability or lack of confidence among controlling shareholders, and the company reported a net loss in Q1 2026.