According to CoinMeta, Jilin Chemical Fiber announced that the State-owned Assets Supervision and Administration Commission of Jilin Province plans to transfer 50.32% of the shares held by the Chemical Fiber Group to Jilin State-owned Capital Operation Group Co., Ltd. without compensation. This gratuitous transfer has been approved by the State-owned Assets Supervision and Administration Commission of Jilin Province. Upon completion, the Provincial State-owned Capital Operation Group will hold 50.32% of the shares in the Chemical Fiber Group, while the Chemical Fiber Group will still directly and indirectly hold a total of 15.53% of the company's shares. The controlling shareholder will remain the Chemical Fiber Group, and the actual controller will still be the State-owned Assets Supervision and Administration Commission of Jilin Province. The aforementioned matters are still subject to reaching a formal agreement and must go through the necessary government approval procedures and concentration review for business operators in accordance with the law.