Xintian Technology and Pulian Software each announced plans for a change of control on the evening of July 24. Trading in both companies' shares will be suspended from the market open on July 27, with the halt expected to last no more than two trading days. Xintian Technology's controlling shareholder and actual controller, Shi Weiping, is planning a share transfer that may lead to a change of control, with the parties currently negotiating core terms such as the plan and price. The company recently disclosed its semi-annual earnings forecast for 2026, projecting a loss of 36.8 million to 50.8 million yuan for the first half, a swing from profit to loss year-on-year, mainly due to bad debt provisions from the closure of an investee company, adjustments to equity transfer gains, increased inventory write-downs, and exchange losses. Pulian Software's controlling shareholders and actual controllers, Lin Guoqiang and Wang Hu, are also planning a change of control, with trading in the company's shares and convertible bonds halted simultaneously.
Xdc Industries Shenzhen LtdXintian Technology projects a loss for H1 2026 due to bad debt provisions and other charges, swinging from profit to loss.
Pansoft Company LimitedPansoft Company Limited is not mentioned in the article; only Pulian Software is discussed.