New controlling shareholder related to Aofei Data? *ST Busen urgent risk warning

*ST Bosen (002569) announced the upcoming change of ownership, and some online forums have started to discuss topics related to “Aofei Data.” In this context, *ST Bosen issued an important risk warning notice on the evening of March 22, emphasizing that Guangzhou Yanfeng Digital Technology Co., Ltd. (referred to as “Yanfeng Digital”), which is about to become the new owner, has no direct relationship or business connection with Aofei Data.

Looking back, on the evening of March 20, the controlling shareholder of *ST Bosen, Fang Weitongchuang, officially signed the “Share Transfer Agreement” with Yanfeng Digital. Fang Weitongchuang plans to transfer 21,333,800 shares it holds in the company to Yanfeng Digital through an agreement transfer. These shares account for 14.81% of the total share capital of the company. The total transaction price for this transfer is 302 million yuan, with a transfer price of 14.14 yuan per share. After the completion of this share transfer, Yanfeng Digital will become the new controlling shareholder of *ST Bosen, and Wang Bo, the actual controller of Yanfeng Digital, will become the actual controller of *ST Bosen.

Yanfeng Digital was established in August 2025 with a registered capital of 56.1837 million yuan. It is a newly established company, and there is limited public information about the company and its actual controller Wang Bo. However, Yanfeng Digital has an 11.87% shareholder, Guangdong Panta Network Technology Co., Ltd., whose sole shareholder is Guangzhou Haomeng Computer Technology Co., Ltd. (referred to as “Haomeng Computer”), controlled by Feng Kang. Haomeng Computer is the controlling shareholder of Aofei Data and also holds equity in Nanjing Electric Commerce and Blue Sail Medical.

In its latest disclosed announcement, *ST Bosen stated that after the relevant announcement was made, some online forums and chat groups discussed “Aofei Data” and related comments regarding this transaction. After verification with Yanfeng Digital, the company confirmed that Haomeng Computer holds 11.87% of Yanfeng Digital through its wholly owned subsidiary Guangdong Panta You Network Technology Co., Ltd., and has indirectly invested in Yanfeng Digital as a limited partner in Guangzhou Fupu Changyue Equity Investment Fund Partnership (Limited Partnership). Haomeng Computer is only a minority shareholder in Yanfeng Digital. Wang Bo controls 71.19% of Yanfeng Digital through his wholly owned company Beijing Jiaxin Run Technology Co., Ltd., making him the actual controller of Yanfeng Digital.

*ST Bosen also emphasized that, according to public information, Haomeng Computer has numerous external investments, and Yanfeng Digital is only one of its indirect investments with a relatively low shareholding. There is no direct relationship or business connection between Yanfeng Digital and Aofei Data. “Regarding this equity change, Yanfeng Digital and its actual controller Wang Bo promise that within 36 months after the completion of this equity transfer, there are no plans or arrangements to relist through restructuring or to inject related-party assets into the listed company. Moreover, the company’s current net assets are small and cannot support major acquisitions or asset injections.” *ST Bosen’s announcement states, “To ensure that the company’s main business remains stable, the company plans to continue expanding and strengthening its existing business. Investors are advised to carefully identify online information, make cautious decisions, and be fully aware of investment risks.”

*ST Bosen further issues a risk warning: Given the possibility that the company may be delisted after the 2025 annual report is disclosed, the share transfer agreement includes a clause stating that “if the transfer of the target shares cannot be completed before the disclosure of the 2025 annual report, and the company receives a ‘Pre-Delisting Notice’ after the report is disclosed, the transferee (the buyer) has the right to unilaterally terminate this transaction and request the transferor (the seller) to refund the paid share transfer price.”