Zhitong Finance App News, Xusheng Group (603305.SH) issued an announcement. On December 22, 2025, Guangzhou Industrial Control Group, Industrial Control Auto Parts Group, Xu Xudong, Chen Xingfang, Xusheng Holdings, and Xuri Industrial signed the “Control Acquisition Agreement on Ningbo Xusheng Group Co., Ltd.”. Mr. Xu Xudong plans to transfer 51% of his shares in Xusheng Holdings to Guangzhou Industrial Control Group and Industrial Control Auto Parts Group respectively. On the same day, Industrial Control Auto Parts Group, and Xu Xudong signed the “Share Transfer Agreement between Guangzhou Industrial Control Auto Parts Group Co., Ltd., Hong Kong Xuri Industrial Co., Ltd., and Xu Xudong on Ningbo Xusheng Group Co., Ltd.”. Xuri Industrial and Xu Xudong respectively held the company's 28.9 million unrestricted tradable shares (2.5006% of the company's total share capital) and 28.9 million unrestricted tradable shares (2.5006% of the company's total share capital) were transferred to the Industrial Control Auto Parts Group through an agreement transfer.

Zhitong Finance App News, Xusheng Group (603305.SH) issued an announcement. On December 22, 2025, Guangzhou Industrial Control Group, Industrial Control Auto Parts Group, Xu Xudong, Chen Xingfang, Xusheng Holdings, and Xuri Industrial signed the “Control Acquisition Agreement on Ningbo Xusheng Group Co., Ltd.”. Mr. Xu Xudong plans to transfer 51% of his shares in Xusheng Holdings to Guangzhou Industrial Control Group and Industrial Control Auto Parts Group respectively. On the same day, Industrial Control Auto Parts Group, and Xu Xudong signed the “Share Transfer Agreement between Guangzhou Industrial Control Auto Parts Group Co., Ltd., Hong Kong Xuri Industrial Co., Ltd., and Xu Xudong on Ningbo Xusheng Group Co., Ltd.”. Xuri Industrial and Xu Xudong respectively held the company's 28.9 million unrestricted tradable shares (2.5006% of the company's total share capital) and 28.9 million unrestricted tradable shares (2.5006% of the company's total share capital) were transferred to the Industrial Control Auto Parts Group through an agreement transfer.