The official website of the China Securities Regulatory Commission shows that on November 1, 2025, Shanghai Enflame Technology Co., Ltd. re-filed for listing guidance, with the guidance institution changed to CITIC Securities. The filing report indicates that ZHAO LIDONG and Zhang Yalin are the co-actual controllers of the company, jointly controlling 28.14% of the voting rights. The two have signed a concert action agreement, and the company has no controlling shareholder.
