Shanshan Holdings issued a major announcement, indicating an impending change in corporate control

Shanshan Shares recently announced that its controlling shareholder, Shanshan Group, and its subsidiaries have signed a restructuring investment agreement with a restructuring investor. The restructuring investor will acquire control of a 23.36% stake in Shanshan Shares through various means. If the restructuring is successful, control of Shanshan Shares will change, with Mr. Ren Yuanlin becoming the company's actual controller.