Jiangsu Sanfame Polyester Material (600370.SH) announced that, according to the notarization certificate No. 8337 issued by Jiangnan Notarization Office of Wuxi City, Jiangsu Province in (2024), Mr. Bian Xingcai's 490,455 shares held before his death were his personal property. Mrs. Bian Youdi, wife of Mr. Bian Xingcai, and Mrs. Bian Pingfang, daughter of Mr. Bian Xingcai, renounced their inheritance, and it was inherited by Mr. Bian Pinggang and Mr. Bian Huigang, sons of Mr. Bian Xingcai. According to the notarization certificate No. 8336 issued by Jiangnan Notarization Office of Wuxi City, Jiangsu Province in (2024), the 160,800,000 shares of Xingzhou Investment held by Mr. Bian Xingcai before his death were his personal property. Mrs. Bian Youdi, wife of Mr. Bian Xingcai, renounced her inheritance, and it was inherited by Mr. Bian Pinggang, Mr. Bian Huigang, and Mrs. Bian Pingfang, daughter of Mr. Bian Xingcai.
On November 18, 2024, Mr. Bian Pinggang, along with Mr. Bian Huigang, Mrs. Bian Pingfang, and Mr. Bian Fengrong, signed the "Joint Action Agreement," confirming that Mr. Bian Huigang, Mrs. Bian Pingfang, and Mr. Bian Fengrong are the joint actors of Mr. Bian Pinggang. Mr. Bian Huigang, Mrs. Bian Pingfang, and Mr. Bian Fengrong always express their intention to act consistently with Mr. Bian Pinggang when exercising the shareholder rights of Sanfame Polyester Material and the shareholder rights of Xingzhou Investment, Jiangyin Fengrun Investment Co., Ltd. (referred to as "Fengrun Investment"). After this equity change is completed, the actual controller of the company changed from Mr. Bian Xingcai to Mr. Bian Pinggang, and the controlling shareholder of the company remains unchanged.
