New East(SH:603110) Zheng Quan Zhi Xing·2025-07-01 16:30Core Viewpoint - The report details the equity change of New Oriental New Materials Co., Ltd. through a judicial auction, resulting in the acquisition of 7,024,103 shares, representing 3.49% of the total shares of the company [1][19]. Group 1: Equity Change Details - The equity change was executed by Wuxi Hongsheng Dingrong Investment Management Partnership (Limited Partnership) through a judicial auction as per court ruling [1][18]. - After the equity change, the total shares held by the information disclosing party and its concerted actor will amount to 19,024,103 shares, representing 9.45% of the total shares [19][20]. Group 2: Parties Involved - The information disclosing party is Wuxi Hongsheng Dingrong Investment Management Partnership, with its concerted actor being Jiangsu Teliang New Materials Technology Co., Ltd. [5][6]. - The controlling shareholders of Teliang are Xu Zhengliang and his spouse, holding a combined 36.84% of the shares [6][8]. Group 3: Financial Information - The total payment for the equity change was 127.27 million yuan, funded entirely by the disclosing party's own funds [20]. - Jiangsu Teliang's financial data for the last three years shows total assets of 64,552.90 million yuan in 2024, with a net profit of 1,728.99 million yuan for the same year [12]. Group 4: Future Plans - There are currently no plans for the information disclosing party or its concerted actor to change the main business of the listed company or make significant adjustments in the next 12 months [21][22]. - The parties have committed to maintaining the independence of the listed company and avoiding any conflicts of interest or related party transactions [25][28].