Lu Chang Technology announced that on June 13, 2025, the company signed an “Equity Transfer Agreement” with Guo Xiumei, Zhu Shucheng, and Longcheng Capital to transfer 100% of Nanyang Changfeng's shares to Longcheng Capital for 60.288 million yuan. According to the agreement, Longcheng Capital will pay 51% of the transfer amount before June 30 and 49% of the transfer before December 31. The company received the first payment before June 30 and completed the registration of industrial and commercial changes in July. On December 26, the company received the remaining transfer. The transaction was completed, and Nanyang Changfeng was no longer included in the scope of the consolidated statement.

Lu Chang Technology announced that on June 13, 2025, the company signed an “Equity Transfer Agreement” with Guo Xiumei, Zhu Shucheng, and Longcheng Capital to transfer 100% of Nanyang Changfeng's shares to Longcheng Capital for 60.288 million yuan. According to the agreement, Longcheng Capital will pay 51% of the transfer amount before June 30 and 49% of the transfer before December 31. The company received the first payment before June 30 and completed the registration of industrial and commercial changes in July. On December 26, the company received the remaining transfer. The transaction was completed, and Nanyang Changfeng was no longer included in the scope of the consolidated statement.