Xusheng Group trading halted over potential change in control

Ningbo Xusheng Group Co., Ltd. announced on December 19, 2025, that its controlling shareholder and de facto controller, Xu Hudong, along with affiliated entities Ningbo Meishan Bonded Port Area Xucheng Holdings Co., Ltd. and Hong Kong Xuri Industrial Co., Ltd., are planning a share transfer. This transaction could lead to a change in the company's control.

Due to ongoing negotiations and uncertainty, the company applied to the Shanghai Stock Exchange for a trading suspension. Xusheng Group's stock will be halted from market opening on Friday, December 19, 2025, for an estimated period not exceeding two trading days.

The company will provide updates and resume trading once details are finalized. Investors are advised to refer to official announcements published on the Shanghai Stock Exchange website and in "Securities Daily."