Recently, Blue Whale News learned from the National Enterprise Credit Information Publicity System that Beijing Jiangnan Tianan Technology Co., Ltd. (referred to as 'Jiangnan Tianan'), an enterprise in the financial technology field, has undergone a series of industrial and commercial changes.

Specifically, in terms of shareholders, Deng Dongbai and Hu Jin have withdrawn from the shareholder ranks of Jiangnan Tianan, and a new shareholder, Sanwei Xin'an Technology Co., Ltd. (referred to as 'Sanwei Xin'an'), has been added. The company's legal representative has changed from Deng Dongbai to Hu Jie, and the company has added key personnel Zhang Yuegong (Chairman), Zeng Tian (Supervisor), Bai Liantao (Director), Liu Huiyi (Director). Li Zhenghua (Supervisor) has withdrawn from key personnel.

The official website shows that Jiangnan Tianan focuses on the research and development, innovation, and technical services of commercial password products. The company is rooted in the profound accumulation of research and application innovation in password technology, integrating the research and development, production, sales, and service of password products and solutions. It is a 'password system service provider' dedicated to providing comprehensive and reliable password products and security services to users, escorting the country's digital economy and user data security.

Jiangnan Tianan has made significant achievements in password product innovation, such as participating in the first domestic commercial bank's national commercial password transformation project, releasing the first domestic cloud server password machine, the first domestic cloud service password card, the first domestic national commercial dedicated line password machine, the first domestic third-level server password machine, and supporting the development suite of open-source SSL that follows national commercial cryptography protocols.

The company's cloud password products have a high market share, covering the full chain of user terminals, transmission channels, and cloud service ends. It provides high-quality cloud data encryption and key services for mainstream financial institutions, cloud platforms, operators, short video platforms, e-commerce platforms, etc., domestically and internationally. The company has the most comprehensive third-level password series products in the current market, capable of meeting the password security needs in big data, artificial intelligence, cloud computing, Internet of Things, low-altitude economy, and other fields.

Jiangnan Tianan's nationally produced trust and creativity products can provide comprehensive password products and solutions for industries such as public security, radio and television, transportation, electrical utilities, financial payments, aerospace, aviation, autos, education, medical, helping users to achieve goals such as data security, national commercial transformation, e-government cloud transformation, password assessment transformation, enhancing user data security and operational efficiency.

The official website shows that Jiangnan Tianan's clients include: Bank of Beijing, China UnionPay, Agricultural Bank of China, HSBC, People's Bank of China, and SF Express.

On the 25th, Sanwei Xin'an (688489.SH) announced that the company approved the proposal to use its own funds and part of the over-raised funds to acquire a portion of the equity of Beijing Jiangnan Tian An Technology Co., Ltd. The board unanimously agreed to acquire a total of 81.82% of the equity held by Jiangnan Tian An's original shareholders Deng Dongbai and Hu Jin, with its own funds of 0.172 billion yuan and part of the over-raised funds of 90 million yuan, corresponding to a contribution amount of 24.5454 million yuan to the target company.

As of November 25, 2024, the equity delivery of the companies involved in this transaction has been completed. The company has completed the shareholder change registration procedures at the industrial and commercial registration authority; at the same time, the company has completed the transfer of management rights of Jiangnan Tian an, with directors and supervisors sent to Jiangnan tian an by the company, and completed the industrial and commercial record filing procedures to obtain a business license. After this delivery is completed, the company holds 81.8181% of the equity of Jiangnan Tian an, and Jiangnan Tian an becomes a subsidiary controlled by the company, included in the consolidated financial statements.