Xusheng Group announced that all changes in the company's controlling shareholders and actual controllers have been settled and transferred. After this change in equity, Guangzhou Industrial Control Group and its co-actors held a total of 313 million shares of the company, accounting for 27.05% of the total share capital; the original actual controller Xu Xudong and his co-actors held a total of 250 million shares, accounting for 21.62% of the total share capital. The controlling shareholder of the company was changed from Xu Xudong to Guangzhou Industrial Control Group, and the actual controller was changed to the Guangzhou Municipal People's Government. Director and senior management adjustments have been completed in the second quarter of 2026. Zhang Jing is the chairman and Xu Xudong is the general manager.

Xusheng Group announced that all changes in the company's controlling shareholders and actual controllers have been settled and transferred. After this change in equity, Guangzhou Industrial Control Group and its co-actors held a total of 313 million shares of the company, accounting for 27.05% of the total share capital; the original actual controller Xu Xudong and his co-actors held a total of 250 million shares, accounting for 21.62% of the total share capital. The controlling shareholder of the company was changed from Xu Xudong to Guangzhou Industrial Control Group, and the actual controller was changed to the Guangzhou Municipal People's Government. Director and senior management adjustments have been completed in the second quarter of 2026. Zhang Jing is the chairman and Xu Xudong is the general manager.