According to CoinMeta, Huangshanghuang announced that its controlling shareholder, Huangshanghuang Group Co., Ltd., and its concerted actors, Xinyu Huangshanghuang Investment Management Center (Limited Partnership), Chu Jun, Chu Jian, and Chu Jiangegeng, previously held a total of 61.41% of the company's shares. On November 6 and November 9, 2026, Xinyu Huangshanghuang reduced their holdings by a total of 3.04 million shares through block trades, accounting for 0.54% of the total share capital. After this reduction, the combined shareholding ratio of the aforementioned shareholders dropped to 60.86%, which is an integer multiple of 1%. This change in equity does not constitute a tender offer and will not result in a change in the company's controlling shareholder or actual controller. The previously disclosed reduction plan has not yet been fully implemented.