Overview - The company announced the withdrawal of a judicial auction for 90,860,000 shares held by its major shareholder, which represents 29.18% of the company's total share capital [1] Auction Details - The shares were initially scheduled for auction on a network platform, but the auction was retracted due to the lack of transfer of disposal rights by the Beijing Third Intermediate Court [1] Shareholder Implications - The major shareholder, Wan Fang Yuan, holds 80,444,000 shares, accounting for 25.83% of the total share capital, and has delegated voting rights to Huide Industrial for five years [2] - If the shares are re-auctioned and sold, Wan Fang Yuan may lose its status as the major shareholder, leading to potential changes in control of the company [2] Company Operations - The company is currently operating normally and the board of directors is committed to maintaining business operations and minimizing external disruptions [3]
*ST万方: 关于大股东持有的公司股票撤回司法拍卖的公告