According to the Xiangyang Bearing announcement, the Hubei Provincial State-owned Assets Administration Commission transferred 64.599% of the shares held by the Sanhuan Group to Changjiang Industrial Group free of charge, 4.14% of the shares to Hubei Railway Group free of charge, and 1.24% of the shares to the Optics Valley Stock Exchange free of charge. Prior to this free transfer, Sanhuan Group held 27.94% of the company's shares, and the Hubei Provincial State-owned Assets Administration Commission controlled 45.03% of the company's shares; after the free transfer, Changjiang Industrial Group became the controlling shareholder of Sanhuan Group. By controlling 45.03% of the total shares of Sanhuan Group and Xiangzhu Group, the Hubei Provincial State-owned Assets Administration Commission was still the actual controller. This change in equity is exempt from issuing an offer and will not have a significant impact on the company's operations.

According to the Xiangyang Bearing announcement, the Hubei Provincial State-owned Assets Administration Commission transferred 64.599% of the shares held by the Sanhuan Group to Changjiang Industrial Group free of charge, 4.14% of the shares to Hubei Railway Group free of charge, and 1.24% of the shares to the Optics Valley Stock Exchange free of charge. Prior to this free transfer, Sanhuan Group held 27.94% of the company's shares, and the Hubei Provincial State-owned Assets Administration Commission controlled 45.03% of the company's shares; after the free transfer, Changjiang Industrial Group became the controlling shareholder of Sanhuan Group. By controlling 45.03% of the total shares of Sanhuan Group and Xiangzhu Group, the Hubei Provincial State-owned Assets Administration Commission was still the actual controller. This change in equity is exempt from issuing an offer and will not have a significant impact on the company's operations.