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36氪 was informed that on October 20, Kaiying Network issued an announcement saying that the company’s largest shareholder was changed due to the judicial ruling on some of the shares held by the company’s original controlling shareholder and actual controller Wang Yue. The controlling shareholder and actual controller of the company were changed from Wang Yue to no controlling shareholder and actual controller. After this equity change, Wang Yue’s share of the total share capital of Yingying Network dropped to 7.97%, and he was no longer the company’s largest shareholder. The original second largest shareholder, Jin Feng, holds 13.78% of the company’s total share capital and passively becomes the company’s largest shareholder. After this equity change, Kaiying Network changed to no controlling shareholder and no actual controller.
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- 2022-10-21 Yingying Network: The largest shareholder has changed hands, and the company has no actual controller
- 2020-12-26 The actual controller of Kaiying Network was sentenced to 5 years and 6 months in prison for manipulating the securities market and fined 10 million yuan
- 2020-07-03 Kaiying Network: Received the “Advance Notice of Administrative Penalty”
- 2020-06-29 More than 40 shareholders and employees of Kaiying Network reported real-name reports, and the company responded: groundless allegations
- 2020-04-29 Kaiying Network lost more than 2 billion yuan last year, and the annual report was issued with reservations
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