Core Viewpoint - The announcement highlights that the controlling shareholder, Shenwu Technology Group, is facing a judicial auction of 90 million restricted shares, which may lead to a significant change in the company's ownership structure and governance [1][2][8]. Group 1: Auction Details - The judicial auction is scheduled for August 14-15, 2025, at the Wuhan Intermediate People's Court, involving 90 million shares, which represents 55.35% of Shenwu Group's holdings and 13.92% of the total shares of the company [2][4]. - The shares involved in the auction are currently frozen and have been subject to prior judicial actions [2][5]. - If the auction is successful and the transfer of shares is completed, Shenwu Group's holdings will decrease to 49.6 million shares, accounting for 7.67% of the total shares, resulting in a loss of its status as the largest shareholder [1][8]. Group 2: Performance Commitment - Shenwu Group made a performance compensation commitment during a major asset restructuring, which remains unfulfilled. The buyer of the auctioned shares will inherit this obligation proportionally [1][7]. - The lock-up period for the shares has been extended until the performance obligations are fully met, which was originally set to expire on October 23, 2019 [8]. Group 3: Implications for Company Governance - The potential change in the largest shareholder may lead to alterations in the company's governance structure and operational management [1][8]. - The company will closely monitor the auction's progress and fulfill its information disclosure obligations as required by regulations [2][8].
*ST节能: 关于控股股东所持部分股份将被司法拍卖的提示性公告