ZOWEE(SZ:002369) Zheng Quan Zhi Xing·2025-07-08 13:14Core Viewpoint - Shenzhen Zhuoyue Technology Co., Ltd. announced that its controlling shareholder and actual controller, Mr. Xia Chuanwu, has had part of his shares judicially auctioned, which may impact the company's governance and operations [1][5]. Group 1: Share Auction Details - Mr. Xia Chuanwu's 36,220,000 shares were auctioned by the Shenzhen Intermediate People's Court from June 25 to June 26, 2025, and the auction was confirmed on June 26, 2025 [2][4]. - The auctioned shares represent 50.08% of Mr. Xia's holdings and 6.39% of the company's total share capital [4]. - The auction's starting price is set at 70% of the average closing price over the previous 20 trading days, with a potential reduction to 80% for subsequent auctions if the first auction fails [4]. Group 2: Current Shareholding Status - As of the announcement, Mr. Xia still holds 72,317,172 shares, which accounts for 12.76% of the company's total share capital [5]. - The company maintains operational independence from its controlling shareholder, as Mr. Xia resigned from his positions as general manager and chairman in May and August 2018, respectively [5]. Group 3: Company Operations and Governance - The company asserts that the judicial auction will not adversely affect its daily operations or governance [5]. - The company is committed to ensuring stable operations and will continue to fulfill its management responsibilities [1][5].