Jinrui Mineral(SH:600714) Zheng Quan Zhi Xing·2025-07-08 16:08Core Viewpoint - The announcement details a significant equity change due to a court ruling, resulting in a passive reduction of shares held by a major shareholder, which does not trigger a mandatory takeover bid [1][3][4]. Group 1: Equity Change Details - The equity change involves the judicial auction of 41,938,670 shares held by Qinghai Jinxing Mining Co., Ltd., a shareholder owning over 5% of the company, which will be auctioned in three packages [2][3]. - After the auction, Wang Zixu will hold 14,383,090 shares (4.99% of total shares), and Han Lili will hold 12,278,951 shares (4.26% of total shares) [1][6]. - The auction results indicate that 15,276,629 shares were successfully bid by Li Jian, while the other two packages failed to attract bids [2][3]. Group 2: Legal and Procedural Context - The equity change is a result of a court ruling related to a loan dispute between Qinghai Guofei Enterprise Management Co., Ltd. and Jinxing Mining, leading to the execution of a civil judgment by the Xining Intermediate People's Court [3][4]. - The court's ruling includes the lifting of the freeze on 26,662,041 shares, which represents 9.25% of the company's total shares [4][5]. - The ownership transfer of the shares to the winning bidders will take effect immediately upon the delivery of the court's ruling [3][4]. Group 3: Impact on Company Structure - The equity change will not alter the company's controlling shareholder or actual controller, ensuring stability in the company's governance structure [1][5]. - The company will continue to monitor the progress of the share transfer and will comply with relevant disclosure obligations [6].