Sinosun Technology announced that its controlling shareholder, Xinjiang Chaojun Equity Investment, is planning to transfer its shares in the company to Shanghai Jingheheng Technology, a move that could lead to a change in controlling shareholder and actual controller. Shanghai Jingheheng Technology intends to acquire the Sinosun Technology shares held by Xinjiang Chaojun, with its post-transaction stake expected to reach approximately 14.18% of Sinosun Technology's total share capital. Shanghai Jingheheng Technology was established on June 26, 2026, with a business scope covering software development, artificial intelligence application software development, and other operations. Trading in the company's shares has been suspended since the market opened on July 30, with the suspension expected to last no more than two trading days. In the three trading days before the suspension, the cumulative deviation in Sinosun Technology's closing price exceeded 30%, and on July 29, the stock hit its daily limit up of 20% to close at 8.87 yuan, giving it a total market value of approximately 3 billion yuan.
Sinosun TechControlling shareholder plans to transfer 14.18% stake to Shanghai Jingheheng, potentially changing control; stock suspended after sharp rise.
Xinjiang Chaojun Equity Investment is transferring its controlling stake, likely exiting or reducing its position.