Gelonghui, Feb. 28丨*ST Xinlian (000620.SZ) announced that as of the disclosure date of this announcement, Hunan Tianxiang Yingxin Technology Development Co., Ltd. had held 1.2 billion shares of the company, accounting for 20.44% of the company's total share capital. Meanwhile, the “restructuring plan” of six companies, including Xinhualian Holdings Co., Ltd., the company's former controlling shareholder, has been approved by a court ruling. The 1,175,117,364 shares of the company held by Xinhualian Holdings (accounting for 20.01% of the company's total share capital) will be used to settle the creditors of six companies including Xinhualian Holdings. The company disclosed the “Simplified Equity Change Report” issued by Xinhualian Holdings on February 28, 2024. After this equity change, Xinhualian Holdings no longer holds shares in the company. Yingxin Technology can decide the election of more than half of the members of the company's board of directors through actual control of the voting rights of the company's shares, and its actual voting rights on the company's shares are sufficient to have a significant impact on the decisions of the company's shareholders' meeting. As a result, the controlling shareholder of the company was changed to Hunan Tianxiang Yingxin Technology Development Co., Ltd., and the actual controller of the company was changed to Mr. Wang Gengyu.