Beingmate's major shareholder restructuring accelerates, Zhejiang Jinhua State-Owned Assets is expected to take control

On the evening of March 18, Beijianmei issued an announcement stating that its controlling shareholder, Zhejiang Xiaobei Damei Holding Co., Ltd., has entered into a “Reorganization Investment Agreement” with Jinhua Zhenhe Enterprise Management Partnership (Limited Partnership), and on March 18, 2026, submitted a reorganization application to the Jinhua Intermediate People’s Court. If approved, Beijianmei’s de facto controller will change from its founder, Xie Hong, to the Jinhua Municipal State-owned Assets Supervision and Administration Commission.