According to the Nopsin announcement, on September 9, 2025, the company disclosed that the actual controller Lu Baiqiang and his co-actors intend to reduce their holdings by no more than 30 million shares, accounting for no more than 2.98% of the company's total shares. From December 23 to 24, 2025, Lu Baiqiang and his co-actor Nopsin Holdings reduced their holdings by 1.051 million shares through a major transaction, accounting for 1% of the total share capital. After this change in equity, their total shareholding fell to 331,7140.39 million shares, accounting for 33% of the total share capital, but this did not result in a change in control of the company, and the reduction in holdings complied with relevant regulations.

According to the Nopsin announcement, on September 9, 2025, the company disclosed that the actual controller Lu Baiqiang and his co-actors intend to reduce their holdings by no more than 30 million shares, accounting for no more than 2.98% of the company's total shares. From December 23 to 24, 2025, Lu Baiqiang and his co-actor Nopsin Holdings reduced their holdings by 1.051 million shares through a major transaction, accounting for 1% of the total share capital. After this change in equity, their total shareholding fell to 331,7140.39 million shares, accounting for 33% of the total share capital, but this did not result in a change in control of the company, and the reduction in holdings complied with relevant regulations.