On the evening of May 6, HLTech made an announcement stating that Dai Zuyu, who was one of the company's former de facto controllers, had passed away. Dai Zuyu held 93,790,457 shares in HLTech, and these shares are set to be inherited by her eldest son, Tao Hai. However, as of now, the procedures for the transfer and registration of these shares have not been finalized. It's important to note that this inheritance of shares will not result in any alteration to the company's control structure and is not expected to significantly disrupt the company's day-to-day operations. HLTech has committed to fulfilling its information disclosure obligations promptly, keeping stakeholders informed of any subsequent developments in this matter.
