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Hezong Technology: Some of the shares held by the actual controller will be auctioned, which may lead to a change in control.
On December 18, Jin10 Data reported that Liu Zegang, the controlling shareholder and actual controller of Hezong Technology, will have 50,897,000 shares of the company auctioned off by the judiciary. These shares account for 40.03% of his total holdings in the company and 4.78% of the total share capital after excluding repurchases. If the auction is successful, it may result in a change in the company’s control. This auction will not affect the company’s production and operation.