LNGF(SZ:002717) Zheng Quan Zhi Xing·2025-07-31 16:38Core Viewpoint - The company is undergoing a judicial auction of shares held by a significant shareholder, which may impact the ownership structure but is not expected to affect the company's operations negatively [1][3]. Auction Details - A total of 166,500,000 shares, representing 9.15% of the company's total equity, held by shareholder Yin Hongwei will be auctioned through the Dongguan Intermediate People's Court on the JD Network Judicial Auction platform [1]. - The auction is set to start on September 5, 2025, at 14:00 and will end on September 6, 2025, at 14:00 [1]. Shareholder's Auction History - As of the announcement date, Yin Hongwei has previously had 19,257,354 shares auctioned in December 2024, 70,000,000 shares that went unsold in June 2025, and 5,000,000 shares sold in July 2025 [2][3]. - The cumulative shares held by Yin Hongwei amount to 267,791,617, which is 14.71% of the total shares, with 19,257,354 shares already auctioned [3]. Impact on Company Control - The judicial auction of Yin Hongwei's shares will not lead to a change in the company's control, nor will it adversely affect the company's operations [2][3]. - The company will continue to monitor the situation and fulfill its information disclosure obligations as required [2][4].