New East(SH:603110) Shen Zhen Shang Bao·2025-07-02 02:45Core Viewpoint - The announcement reveals a significant change in the shareholding structure of Dongfang Materials, with the controlling shareholder Xu Guangbin's stake being reduced from 5.43% to 1.93% due to a judicial auction of shares, potentially leading to a change in control of the company [1][2]. Shareholding Changes - Xu Guangbin's shareholding decreased from 10,916,903 shares to 3,892,800 shares, representing a drop in ownership from 5.43% to 1.93% of the total share capital [2]. - Jiangsu Teliang New Materials Technology Co., Ltd. and its concerted actions have become the largest shareholder with 12,000,000 shares, accounting for 5.96% of the total shares [2]. - The second-largest shareholder is Zhu Junfei, holding 8.84% of the shares, who is the wife of the former actual controller Fan Jiajun [2]. Judicial Auction Details - The shares auctioned were 7,024,103 unrestricted circulating shares, which constituted 64.34% of Xu Guangbin's holdings and 3.49% of the company's total share capital [1][2]. - The auction took place on Alibaba's judicial auction platform from June 3 to June 4, 2025 [1]. Current Status of Major Shareholders - Jiangsu Teliang's legal representative, Xu Zhengliang, has been listed as a "dishonest executor" and is subject to consumption restrictions, raising concerns about the stability of the new controlling entity [2][3]. - Xu Guangbin's remaining shares may further decrease to 2,700,000 shares (1.34% of total shares) if ongoing passive reductions are completed [3]. Company Operations - Despite the changes in shareholding, the company's production and operational activities are reported to be normal, and the equity change is not expected to have a significant impact on operations [3]. - For Q1 2025, Dongfang Materials reported revenue of 81.83 million yuan, a year-on-year decrease of 7.50%, while net profit attributable to shareholders was 2.95 million yuan, a year-on-year increase of 13.27% [5].