TWH(SZ:002512) Zheng Quan Zhi Xing·2025-07-28 16:26Core Viewpoint - The announcement details the judicial auction of 8,700,000 shares held by major shareholder Cai Xiaoru, which were successfully sold for a total price of 38,836,800 yuan, indicating significant changes in shareholder equity and potential impacts on the company's governance structure [1][2][4]. Group 1: Shareholder Auction Details - Cai Xiaoru, a shareholder holding over 5% of the company, had 8,700,000 unrestricted shares auctioned by the Shanghai Financial Court on the Taobao judicial auction platform from July 25 to July 26, 2025 [1]. - The shares were successfully auctioned to a bidder named Li Tao for a total of 38,836,800 yuan [1][2]. - The auctioned shares represent approximately 12.21% of Cai Xiaoru's total holdings and 0.76% of the company's total share capital [2]. Group 2: Impact on Shareholder Equity - Following the auction, Cai Xiaoru's total shareholding will decrease from 82,573,887 shares (7.20% of total shares) to 62,580,081 shares (5.46% of total shares) [5]. - The cumulative change in Cai Xiaoru's shareholding due to this auction and previous forced sales amounts to 19,993,806 shares, which represents a total change of 1.74% of the company's total share capital [4]. - The auction results may trigger a change in shareholder equity that could affect the company's governance, although it is stated that there will be no change in the control structure of the company [5]. Group 3: Compliance and Future Actions - The successful bidder must comply with the auction terms, including timely payment and necessary procedures for the transfer of shares [2]. - The auction results will be finalized based on the ruling from the Shanghai Financial Court [2]. - The company has committed to fulfilling its information disclosure obligations regarding this matter [5].