Female billionaire He Yan regains actual control of Zhenxin Technology

According to reports, Chengdu Zhenxin Technology Co., Ltd. (Zhenxin Technology), a Beidou satellite navigation service provider, announced on January 15 that the company has changed from having no actual controller to He Yan as the actual controller. This decision is based on the court's judgment on the relevant lawsuit of the controlling shareholder. He Yan holds a 51% stake in Guoteng Electronics Group and can have a significant impact on the resolutions of Zhenxin Technology's shareholders' meeting. Zhenxin Technology stated that this change in actual controller may have a significant impact on the company's future governance structure, bringing uncertainties in strategy, finance, development and other aspects.