New East(SH:603110) Zheng Quan Zhi Xing·2025-06-02 08:57Core Viewpoint - The report outlines a significant reduction in shareholding by Xu Guangbin in New Oriental New Materials Co., Ltd. due to judicial auction, resulting in a decrease from 22,916,903 shares (11.39%) to 10,916,903 shares (5.43%) [4][5][6]. Group 1: Shareholding Changes - Xu Guangbin's shareholding decreased by 12,000,000 shares, representing a 5.96% reduction in total shareholding [8]. - The shares subject to judicial auction amount to 7,024,103 shares, which is 3.49% of the company's total share capital [4][5]. - As of May 29, 2025, there are still 1,192,800 shares pending execution from the planned reduction [3]. Group 2: Legal and Compliance Aspects - The report confirms that the share reduction is compliant with the relevant laws and regulations, including the Company Law and Securities Law of the People's Republic of China [2][3]. - Xu Guangbin has committed to the accuracy and completeness of the report, taking legal responsibility for any misrepresentation [2][7]. Group 3: Future Plans and Restrictions - There are no plans for further increase or decrease in shareholding within the next 12 months, aside from the ongoing judicial auction process [3][4]. - The shares held by Xu Guangbin are subject to pledges and judicial freezes, which may pose risks of execution or sale if legal issues are not resolved [6].