Group 1 - Jiangsu Jiuding New Materials Co., Ltd. received an execution ruling from the Intermediate People's Court of Shenyang, which ordered the auction of 32,581,712 shares held by Xi'an Zhengwei New Materials Co., Ltd., accounting for 4.99998% of the company's total share capital [1][2] - The execution ruling was made due to a financial loan contract dispute involving multiple parties, including Xi'an Zhengwei, which failed to fulfill the obligations set by a previous civil judgment [1][2] - The auction of the shares will not lead to a change in the company's control, as Xi'an Zhengwei is not the controlling shareholder or actual controller of the company [3] Group 2 - As of the announcement date, all shares held by Xi'an Zhengwei have been judicially frozen, pledged, or subject to pending freezing, and the court's ruling applies to 100% of the shares held by Xi'an Zhengwei [3] - The auction process may involve public announcements, bidding, payment, and transfer of equity, and the outcome of the auction remains uncertain [3] - The company will comply with relevant laws and regulations regarding information disclosure throughout the auction process [3]
江苏九鼎新材料股份有限公司关于收到辽宁省沈阳市中级人民法院执行裁定书的公告