 The third largest shareholder is a private equity fund () which has a 7.09% stake, which is associated with current Hikvision General Manager Hu Yangzhong.According to previous filing, "Xinjian Weixun" was also associated with Liu Xiang (), former director (from 2015 to March 2018) and former deputy general manager () of Hikvision, current deputy general manager of HIK Group, chairman of sister listed company Phenix Optical ().The fourth largest shareholder is another private equity fund () which had a 2.08% stake.