Jinrui Mineral(SH:600714) Zheng Quan Zhi Xing·2025-07-04 16:12Core Viewpoint - The announcement details the completion of a judicial auction and the subsequent transfer of shares from a major shareholder, Qinghai Jinxing Mining Co., Ltd., which has resulted in a reduction of its holdings in Qinghai Jinrui Mining Development Co., Ltd. to 26,662,041 shares, representing 9.25% of the total share capital [1][2][5]. Group 1: Judicial Auction Details - The judicial auction involved a total of 41,938,670 shares (14.55% of total share capital) being split into three packages, with 15,276,629 shares (5.30% of total share capital) acquired by bidder Li Jian at the highest price [2][3]. - The auction was executed under the court ruling (2025) Qing 01 Zhi 75, which lifted the freeze on the shares held by Jinxing Mining [2][3]. Group 2: Shareholding Changes - Following the auction, Jinxing Mining's shareholding decreased to 26,662,041 shares (9.25% of total share capital), while Li Jian now holds 15,276,629 shares (5.30% of total share capital) [1][5]. - The shares that were auctioned represented 36.43% of Jinxing Mining's holdings prior to the transfer [3][4]. Group 3: Regulatory Compliance - The transfer of shares is in compliance with the Shanghai Stock Exchange's regulations, which stipulate that the buyer cannot reduce their holdings within six months following the acquisition [1][5]. - The change in shareholding will not affect the control structure or governance of the company [4][5].