Yashi Chuangneng: The 2.9165% stake held by the controlling shareholder will be auctioned by the judiciary

2026-02-24 04:07:20

Yashi Chuangneng announced on February 23 that recently, the company learned through online public channels that the People’s Court of Shangcheng District, Hangzhou City, will conduct a judicial auction on the Taobao judicial auction platform from 10:00 on March 16 to 10:00 on March 17 (excluding delays). The auction involves the company’s 12.5 million unrestricted circulating shares held by controlling shareholder Chuangneng Ming, accounting for 2.9165% of the company’s total equity. As of now, Chuangneng Ming holds 78.6555 million shares, representing 18.35% of the company’s total equity. This auction will not affect the company’s production and operations, nor will it cause the company’s shareholding structure to be non-compliant with listing requirements.

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