Victory Giant Technology, a leading PCB manufacturer with a market value exceeding 100 billion yuan, announced on August 28 that its controlling shareholder, Shenghua Xinye, along with its concerted actor Hong Kong Shenghong's upper-level shareholder, Hongda Investment, received notice regarding a significant ownership adjustment.

Chen Tao, the controlling shareholder, has agreed to transfer 39% of his equity in Shenghua Xinye and 35% of his equity in Hongda Investment to his spouse, Liu Chunlan, with relevant equity transfer agreements signed for this structural change.

Following this adjustment, Chen Tao will retain 51% of Shenghua Xinye, while Liu Chunlan will hold 49%; in Hongda Investment, both Chen Tao and Liu Chunlan will each hold 35% of the equity.

Additionally, Chen Tao and Liu Chunlan have jointly signed a Concerted Action Agreement, stipulating that Liu Chunlan will align her voting on all shares of Victory Giant Technology—including both direct and indirect holdings—with Chen Tao's instructions, ensuring unified decision-making in corporate governance.