### Overview Shanghai Wiston Information Technology Co., Ltd. has recently announced an important change regarding its shareholder equity, specifically the transfer of shares by a significant shareholder. This report details key business changes, financial trends, and notable risks associated with the recent shift in share ownership.

### Key Financials In this noteworthy transfer, Mao Yuzhong, who previously held 29,600,000 shares (representing 33.64% of the total share capital), has transferred 20,000,000 shares to Xuxiangfeng. Following this change, Mao's holding reduces to 9,600,000 shares (10.91%), while Xuxiangfeng’s holdings escalated to 20,000,000 shares (22.73%). Despite this shift in share distribution, the actual control of the company remains unchanged.

### Management Commentary The management expressed that this change in shareholding does not alter the company’s operational management or decisions. Xuxiangfeng has not assumed any management roles within the company, indicating no immediate impact on day-to-day operations or governance.

### Trends and Drivers The primary driver of this equity change stems from personal financial decisions made by Mao Yuzhong to transfer a significant number of shares while ensuring that control over the company remains intact. This stability is further underscored by the commitments made by both parties regarding share locking and reduction obligations, which implies confidence in the company's long-term strategies and governance.

### Risks and Outlook While the report reassures stakeholders that there are no arrangements detrimental to the company or other shareholders, potential risks could arise from future shareholder disputes or changes in market conditions that might affect shareholder sentiment. It is essential for investors to monitor the company's governance practices and any changes in shareholder dynamics in the coming quarters.

### Conclusion In summary, Shanghai Wiston's recent share transfer highlights significant transitions within its shareholder structure without altering the company's control or management framework. This development reinforces the stability of its governance, while investors should remain vigilant about any potential shifts in market sentiment or resulting operational impacts.