Core Viewpoint - The announcement details the auction and transfer of 110 million shares of Xiwang Food Co., Ltd. held by its controlling shareholder, Xiwang Group, which has been completed as of May 15, 2025 [1]. Auction Details - The auction involved 110 million shares, representing 35.25% of the company's total share capital [1]. - The shares were auctioned off in multiple batches, with each batch consisting of 5 million shares [2][3][4][5][6][7][8][9]. - The auction prices for the shares varied, with several transactions recorded at prices of 12,100,000 RMB (approximately 1.21 million USD) and 12,350,000 RMB (approximately 1.24 million USD) [2][6][9]. Shareholding Impact - As of the announcement date, Xiwang Group and its concerted parties have had a total of 346,565,763 shares auctioned, which accounts for 61.59% of their total holdings [9]. - The original shareholding structure indicates that Xiwang Group held 318,515,381 shares (29.51% of total shares) before the auction [9]. - The auction will not lead to a change in the controlling shareholder or the actual controller of the company, nor will it significantly impact the company's governance structure or ongoing operations [9].
西王食品: 关于控股股东股份完成过户暨权益变动的公告