According to CoinMeta, Jiaheng Jiahua announced that the transfer of 29.7% of the company's shares to Hangzhou Pinbianyi Network Technology Co., Ltd. and its concerted actors was completed on May 26, 2026. As a result, Hangzhou Pinbianyi became the controlling shareholder of the company, with Xu Yi as the actual controller. A partial tender offer initiated by Hangzhou Pinbianyi (covering 21.1% of the total share capital) expired on July 23, 2026, and the pre-accepted shares accounted for 110.817% of the intended acquisition volume, with the transfer procedures having been fully completed. Following this acquisition, Hangzhou Pinbianyi and its concerted actors now hold a combined stake of 50.8%. During the third quarter of 2026, both the acquirer and the company operated in compliance with regulations and did not violate any relevant commitments.