On December 17, Helitai issued the “Announcement on the Transfer of the Shareholders' Agreement to Transfer the Equity of the Listed Company and the Change of the Controlling Shareholder and the Actual Controller”.
The announcement disclosed that the 469,246,605 shares transferred to the Electronic Information Group by Heli Taiyuan's controlling shareholder, actual controller, Humanity Kaifu and its determined shareholder agreement have completed the transfer registration procedures. After the share transfer, Electronic Information Group owns 29.90% of the actual voting rights of Helitai and becomes the controlling shareholder of the company. The actual controller of the company is the State-owned Assets Supervision and Administration Commission of the People's Government of Fujian Province.
The Fujian State-owned Assets Supervision and Administration Commission took over the joint force, which lasted for three months, and finally the dust settled.