On December 4th, Yinghe Technology announced that its controlling shareholder, Shanghai Electric Group Co., Ltd., plans to transfer its ownership of 184 million shares of the company, accounting for 28.39% of the total share capital, to its wholly-owned subsidiary, Shanghai Electric Automation Group Co., Ltd., without any compensation. This equity change does not involve a change in the company's control rights, and the actual controlling shareholder of the company, the Shanghai State-owned Assets Supervision and Administration Commission, remains unchanged.
Yinghe Technology is the parent company of the well-known e-cigarette company Sikary.
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