On October 20, Suzhou Zhonglai photovoltaic New Material Co., Ltd. (hereinafter referred to as “Zhonglai shares” and “listed company”) issued an announcement saying that the controlling shareholders and actual controllers, Lin Jianwei and Zhang Yuzheng, were planning to transfer their control rights, and planned to transfer part of their shares to Taizhou Jiangyan Daode new material equity investment partnership (limited partnership) (hereinafter referred to as “Jiangyan new materials”) This will result in the change of controlling shareholder and actual controller of the company. < p > < p > as early as June this year, CLC announced for the first time the plan of change of control right, that is, the controlling shareholders and actual controllers, Lin Jianwei and Zhang Yuzheng, intend to introduce Wujiang energy by means of agreement transfer of equity and entrusted voting rights. If the change is completed, the actual controller of the listed company will be changed to the state owned assets supervision and Administration Commission of Guizhou Province. However, more than a month later, CLC said that the above transfer was terminated due to the failure of both parties to reach an agreement on major issues; and on the same day, the company seamlessly searched for another supplier Hangguo shares. Although the same way of agreement transfer and proxy voting was adopted, the reporter noted that the equity price of the second agreement was set at 9.9 yuan / share, much higher than the 7.92 yuan / share in June, and also higher than the share price of Listed Companies in the secondary market at that time (7.59 yuan on the trading day before the announcement). Although Hangguo has paid 300 million yuan of earnest money since then, the transaction still lasted for only two months and then declared “abortion”. < / P > < p > according to the announcement, the total equity proportion involved in this transfer is not more than 5.7% of the total share capital of the company, and involves the non-public issuance of shares and the entrustment of voting rights. Therefore, it may involve the change of the control right of the listed company. According to Tianyan information, Jiangyan Xincai was established in October 2020, mainly engaged in equity investment, private fund, equity investment, investment management, asset management and other activities. After a series of equity penetration, the state-owned assets supervision and Administration Committee of Taizhou Municipal government is behind Jiangyan new material; in addition, the company has also obtained shares of Yangquan coal industry, which is subordinate to the state owned assets supervision and Administration Commission of Shanxi Province. < / P > < p > according to public information, as a manufacturer and operator of photovoltaic integrated products, listed companies have been focusing on the R & D, production and sales of solar cell back film. In September 2014, China Lai shares successfully landed in Shenzhen Stock Exchange. < / P > < p > when the development of single business is facing weakness, in order to seek new performance growth point, the company has gradually expanded the photovoltaic application system business and high-efficiency battery business. < p > < p > in 2016, Zhonglai Co., Ltd. issued a plan for non-public offering of shares, and planned to raise 1.367 billion yuan. After deducting the issuance expenses, the raised funds will be used in the “annual output of 2.1gw n-type single crystal double-sided solar cell project”. The high efficiency battery business has gradually become one of the main sources of revenue of the company, which accounts for 61.14% of the company’s total revenue from 5.27% in 2016. < / P > < p > it is reported that in 2020, CLC will build n-type double-sided high-efficiency battery matching 2gw modules in Taizhou City, Jiangsu Province, in order to further expand the production capacity of high-efficiency battery supporting components. It has been disclosed that in the fixed increase of “annual output of 2.1gw n-type single crystal double-sided solar cell project” in 2016, Lin Jianwei subscribed 1.18 billion yuan in cash, and all the capital contribution was raised by his personal share pledge. As of August 2020, the share pledge rate of the controlling shareholders and actual controllers of Zhonglai shares, including Lin Jianwei, Zhang Yuzheng and their persons acting in concert, has reached 96.82%. < / P > < p > Disclaimer: the purpose of this article reprinted by china.com finance and economics is to convey more information and does not represent the views and positions of the website. The content of this paper is for reference only and does not constitute investment advice. Investors operate accordingly and bear their own risks. < p > < p > Chinanet is a national key news website under the leadership of the Information Office of the State Council and managed by China foreign language publishing and Distribution Bureau. Through 11 versions in 10 languages, the website releases information 24 hours a day, which is an important window for China to carry out international communication and information exchange.