Victory Giant's Controlling Shareholder Restructures: Chen Tao Transfers Stakes to Spouse, Signs Voting Pact
Victory Giant Technology said on Aug 28, 2026 that Chen Tao transferred 39% of Shenghuaxinye and 35% of Hongda Investment to his spouse Liu Chunlan, adjusting the upper-level shareholding of the controlling shareholder. After the move, Chen holds 51% of Shenghuaxinye and Liu holds 49%, while both hold 35% of Hongda Investment. The couple signed a voting agreement, with no change in the controlling shareholder or the company's shares held by it and its concert parties.
On Aug 28, 2026, Victory Giant Technology announced that it had received notice from Hongda Investment, the upper-level shareholder of controlling shareholder Shenghuaxinye and its concert party Hong Kong Victory Giant. Chen Tao transferred his 39% stake in Shenghuaxinye and 35% stake in Hongda Investment to his spouse Liu Chunlan, with the parties signing relevant equity transfer agreements for the restructuring.
Following the adjustment, Chen Tao holds 51% of Shenghuaxinye and Liu Chunlan holds 49%; Chen Tao holds 35% of Hongda Investment and Liu Chunlan also holds 35%. Meanwhile, actual controller Chen Tao and Liu Chunlan signed a voting agreement under which Liu will act in concert with Chen regarding her shares in Victory Giant Technology, including directly and indirectly held shares, and exercise voting rights in accordance with Chen's instructions. The restructuring is an internal adjustment within the actual controller's family, involving no change in the shares of the company held by the controlling shareholder and its concert parties, no triggering of a mandatory takeover offer, and no change in the controlling shareholder or actual controller.