Suofeiya founding shareholders reduce stakes in $1.87bn deal

On November 28, 2025, Suofeiya Home Collection announced that its controlling shareholders, Mr. Jiang Ganjun and Mr. Ke Jiansheng, agreed to transfer 103,711,180 unrestricted shares to Ningbo Yingfeng Ruihe Investment Management Co., Ltd. for $1,866,801,240, at $18 per share. This transaction represents 10.7690% of the company's total share capital.

Following the transfer, Mr. Jiang Ganjun and Mr. Ke Jiansheng's combined holdings will decrease from 43.08% to 32.3072%. Ningbo Yingfeng Ruihe, along with its indirect controlling shareholder Yingfeng Group Co., Ltd., which already holds 18,762,417 shares (1.9482%), will collectively own 122,473,597 shares, representing 12.7173% of Suofeiya's total share capital.

The equity transfer does not alter the company's controlling shareholders or actual controllers. Ningbo Yingfeng Ruihe has committed not to reduce its acquired shares for 18 months post-settlement. The transaction is contingent on regulatory approval from the Shenzhen Stock Exchange and registration with China Securities Depository and Clearing Corporation.