Shenwu Energy Saving(SZ:000820) Zheng Quan Zhi Xing·2025-06-24 19:25Core Viewpoint - The announcement highlights that the controlling shareholder of Shenwu Energy Co., Ltd. will have 23 million shares auctioned due to judicial actions, which may impact the company's stock and investor obligations regarding performance compensation commitments [1][4]. Auction Details - The auction will take place from July 24 to July 25, 2025, for 23,000,000 shares held by Shenwu Technology Group, representing 14.15% of the shares held by the group and 3.56% of the total company shares [1]. - The starting price for the auction is set at 67,620,000 yuan, with a deposit of 13,524,000 yuan and a minimum bidding increment of 300,000 yuan [2]. Shareholder Information - Shenwu Group holds a total of 162,600,000 shares, which is 25.15% of the company, and has had a cumulative auction of 186,810,462 shares, accounting for 53.46% of its holdings [3]. - The shares being auctioned are subject to a performance compensation commitment made during a major asset restructuring, which has not yet been fulfilled [4]. Additional Notes - The shares involved in the auction are restricted shares, and the buyer will inherit the performance compensation obligations proportional to their holdings if the auction is successful [1][4]. - The lock-up period for Shenwu Group's shares has been extended until the performance obligations are fulfilled, which was originally set to expire on October 23, 2019 [4].