NBSS(SH:600884) Zheng Quan Zhi Xing·2025-08-13 11:20Core Viewpoint - The announcement highlights that shares held by the indirect controlling shareholder, Shanshan Holdings Co., Ltd., will be subject to judicial auction, but this is not expected to change the company's control structure. Group 1: Auction Details - The shares to be auctioned are 4,260,200 unrestricted circulating shares held by Shanshan Holdings, representing 11.50% of the shares held by the controlling shareholder and 0.19% of the total share capital of the company [1][2]. - The auction is scheduled to take place from September 21, 2025, and the shares are currently in a frozen state [1][2]. - If the auction is fully successful, the total shares held by the controlling shareholder and its concerted parties will decrease from 592,849,126 shares (26.36% of total shares) to 588,588,926 shares (26.17% of total shares), which is not expected to affect the control of the company [1][2]. Group 2: Additional Information - A subsidiary of Shanshan Holdings, Ningbo Yinzhou Jielun Investment Co., Ltd., will also auction 29,580,000 restricted shares, accounting for 1.32% of the total share capital, from August 25 to August 26, 2025 [3]. - The auction process is still in the public announcement phase, and there may be subsequent steps involving bidding, payment, and transfer of equity, with uncertain outcomes [1][3].