Recon Technology (NASDAQ: RCON) refreshes key China VIE contracts

Rhea-AI Filing Summary

Recon Technology, Ltd. filed a Form 6-K explaining that it has amended, restated, and re-registered the contractual arrangements for its variable interest entities (VIEs) in China, Nanjing Recon Technology Co., Ltd. and Beijing BHD Petroleum Technology Co., Ltd. These updated VIE agreements were signed on July 10, 2025 and have completed registration and review with the competent authorities.

The company states that the updates were made solely to reflect changes in the registered individual shareholders of the VIEs and that the principal terms of the contracts remain unchanged. As of this report, Nanjing Recon is held by Shenping Yin (99.75%) and Yingwu Yan (0.25%), while BHD is held by Guangqiang Chen (85.93%), Shenping Yin (10.00%), Donglin Li (3.77%) and Zhiqiang Feng (0.30%). The company indicates these changes do not affect its contractual control over the VIEs and does not expect any negative impact on operations.

U.S. SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of August 2025

Commission File Number: 001-34409

RECON TECHNOLOGY, LTD

Room 601, No. 1 Shui’an South Street Chaoyang District, Beijing, 100012

People’s Republic of China

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  x Form 40-F  ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨

Explanatory Note:

As previously disclosed, following recent changes to shareholders for Nanjing Recon Technology Co., Ltd. (“Nanjing Recon”) and Beijing BHD Petroleum Technology Co., Ltd. (“BHD”), the various contractual arrangements of the Registrant’s variable interest entities (“VIEs”) were required to be amended, restated, and re-registered with competent authorities. The VIEs contractual agreements were dated and signed on July 10, 2025, and submitted for registration and review. As of this Report, all registrations have been completed, and the Registrant does not expect any negative impact of this process on its operation. 

Consistent with prior disclosures, the July 10, 2025 re-execution was effected solely to update the identities of the registered individual shareholders of the VIEs; the principal terms of the contractual arrangements remain unchanged. With respect to Nanjing Recon, in November 2020, Shenping Yin acquired all equity previously held by Guangqiang Chen; in January 2022, Mr. Yin made a capital contribution; and in March 2023, Yingwu Yan acquired all equity previously held by Degui Zhai.

With respect to BHD, in June 2019, Zhang Fan exited by transferring all of his equity to Guangqiang Chen; in September 2020 Mr. Yin exited by transferring all of his equity to Mr. Chen; and in 2024 and 2025 Mr. Yin subsequently re-entered and made additional capital contributions that diluted other holders. As of the date of this Report, Nanjing Recon is held by Shenping Yin (99.75%) and Yingwu Yan (0.25%), and BHD is held by Guangqiang Chen (85.93%), Shenping Yin (10.00%), Donglin Li (3.77%) and Zhiqiang Feng (0.30%). These updates do not affect the Registrant’s contractual control over the VIEs. 

Exhibit Index:

10.1		Translation of Amended and Restated Exclusive Equity Interest Pledge Agreement dated July 10, 2025 between Recon Hengda Technology (Beijing) Co., Ltd., Shenping Yin, and Nanjing Recon Technology Co., Ltd
10.2		Translation of Amended and Restated Equity Interest Pledge Agreement dated July 10, 2025 between Recon Hengda Technology (Beijing) Co., Ltd. and Ying Wu Yan
10.3		Translation of Amended and Restated Exclusive Consulting and Service Agreement dated July 10, 2025 between Recon Hengda Technology (Beijing) Co., Ltd. and Nanjing Recon Technology Co., Ltd
10.4		Translation of Amended and Restated Exclusive Equity Interest Purchase Agreement dated July 10, 2025 between Recon Hengda Technology (Beijing) Co., Ltd., Ying Wu Yan, and Nanjing Recon Technology Co., Ltd
10.5		Translation of Amended and Restated Power of Attorney dated July 10, 2025 of Ying Wu Yan for rights in Nanjing Recon Technology Co., Ltd.
10.6		Translation of Amended and Restated Power of Attorney dated July 10, 2025 of Shenping Yin for rights in Nanjing Recon Technology Co., Ltd.
10.7		Translation of Amended and Restated Exclusive Equity Interest Purchase Agreement dated July 10, 2025 between Recon Hengda Technology (Beijing) Co., Ltd., Donglin Li, and Beijing (BHD) Petroleum Technology Co., Ltd.
10.8		Translation of Exclusive Equity Interest Purchase Agreement dated July 10, 2025 among Recon Hengda Technology (Beijing) Co., Ltd., Beijing (BHD) Petroleum Technology Co., Ltd., and Shenping Yin
10.9		Translation of Exclusive Equity Interest Purchase Agreement dated July 10, 2025 among Recon Hengda Technology (Beijing) Co., Ltd., Beijing (BHD) Petroleum Technology Co., Ltd., and Guangqiang Chen
10.10		Translation of Amended and Restated Equity Interest Pledge Agreement dated July 10, 2025 between Recon Hengda Technology (Beijing) Co., Ltd. and Donglin Li
10.11		Translation of Amended and Restated Equity Interest Pledge Agreement dated July 10, 2025 between Recon Hengda Technology (Beijing) Co., Ltd. and Guangqiang Chen
10.12		Translation of Amended and Restated Equity Interest Pledge Agreement dated July 10, 2025 between Recon Hengda Technology (Beijing) Co., Ltd. and Shenping Yin
10.13		Translation of Amended and Restated Power of Attorney dated July 10, 2025 of Donglin Li for rights in Beijing (BHD) Petroleum Technology Co., Ltd
10.14		Translation of Amended and Restated Power of Attorney dated July 10, 2025 of Shenping Yin for rights in Beijing (BHD) Petroleum Technology Co., Ltd
10.15		Translation of Amended and Restated Power of Attorney dated July 10, 2025 of Guangqiang Chen for rights in Beijing (BHD) Petroleum Technology Co., Ltd

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		RECON TECHNOLOGY, LTD
August 29, 2025		By:	/s/ Shenping Yin
			Shenping Yin
			Chief Executive Officer
			(Principal Executive Officer) and
			Duly Authorized Officer

FAQ

What does Recon Technology (RCON) disclose in this Form 6-K?

Recon Technology, Ltd. reports that it has amended, restated, and re-registered the contractual arrangements for its Chinese variable interest entities, Nanjing Recon Technology Co., Ltd. and Beijing BHD Petroleum Technology Co., Ltd., to reflect updated individual shareholders while keeping the main contract terms the same.

Why did Recon Technology (RCON) update its VIE agreements?

The VIE agreements were updated because the individual shareholders of Nanjing Recon and BHD had changed over time. The July 10, 2025 agreements were executed to align the contracts with the current registered shareholders of these entities.

Does Recon Technology expect any operational impact from the VIE updates?

The company states that all registrations related to the amended and restated VIE contracts have been completed and that it does not expect any negative impact on its operations from this process.

Have the key terms of Recon Technology’s VIE contracts changed?

Recon Technology notes that the July 10, 2025 re-execution was carried out solely to update the identities of the registered individual shareholders and that the principal terms of the contractual arrangements remain unchanged.

Who currently owns Nanjing Recon, the VIE of Recon Technology (RCON)?

As of the date of the report, Nanjing Recon Technology Co., Ltd. is held by Shenping Yin with 99.75% and Yingwu Yan with 0.25% of the equity.

Who currently owns Beijing BHD Petroleum Technology, Recon Technology’s VIE?

As of the date of the report, Beijing BHD Petroleum Technology Co., Ltd. is held by Guangqiang Chen (85.93%), Shenping Yin (10.00%), Donglin Li (3.77%), and Zhiqiang Feng (0.30%).

Do these changes affect Recon Technology’s control over its VIEs?

The company states that these shareholder and contract updates do not affect its contractual control over Nanjing Recon and BHD.