According to CoinMeta, Yinglite announced that its controlling shareholder, Yinglite Group, has identified Baofeng Group as the final recipient of the share transfer. It plans to transfer 155 million shares it holds, which account for 39.41% of the company's total share capital. Currently, negotiations are underway for the "Share Transfer Agreement," and once the transfer is completed, the control of the company may change. At the same time, the company is planning to issue shares to purchase 100% of the equity in Baofeng Photovoltaic held by Baofeng Group, which is expected to constitute a major asset reorganization. The company's shares will be suspended from trading starting November 13, 2026, with the suspension not expected to exceed five trading days. Trading is scheduled to resume no later than November 20, 2026.