On the evening of February 4, Philips announced that Chen Hongshun, the original controlling shareholder and one of the co-actors since the company went public, agreed with controlling shareholders Yang Zhenhua and Cao Xinjun on February 2 due to his age of 70 and health reasons. Chen Hongshun no longer maintains a consistent action relationship with Yang Zhenhua and Cao Xinjun and signed the “Concerted Action Cancellation Agreement”. On the same day, Yang Zhenhua and Cao Xinjun re-signed the “Concerted Action Agreement (202402 Edition)”, which led to changes in the company's controlling shareholders and concerted actors. The actual controllers of the company were changed to Yang Zhenhua and Cao Xinjun on February 2.