On April 22, Northking made an announcement stating that it had recently been notified via a 'Notification on Termination of Share Transfer Agreement' from its principal shareholder, Lhasa Yongdao Investment Management Co., Ltd. The notification detailed that, owing to the impossibility of finalizing the transaction as outlined in the 'Share Transfer Agreement,' Yongdao Investment had decided to terminate the agreement. This agreement pertained to the transfer of 37.0231 million freely tradable shares, constituting 5.98% of the company's total share capital, to CSC Qianyuan Capital Management Co., Ltd. The cancellation of this agreement will neither lead to a shift in the company's control nor negatively affect its operational performance or financial standing. As per the disclosures, Northking's revenue surpassed 4.8 billion yuan in 2025. Notably, its AI business witnessed a year-on-year growth of over 55%, while its operating cash flow saw a 77% increase.