Yuancheng(SH:603388) Shang Hai Zheng Quan Bao·2025-08-13 18:26Core Viewpoint - The announcement details the second judicial auction of shares held by the controlling shareholder and actual controller of Yuan Cheng Environment Co., Ltd., indicating potential changes in shareholding structure and the implications for the company [2][3][9]. Group 1: Shareholding Information - The controlling shareholder, Mr. Zhu Changren, holds 32,775,520 shares, representing 10.06% of the total shares [2]. - As of the announcement date, 975,520 shares have been frozen, accounting for 2.98% of his holdings and 0.30% of the total shares [2]. - A total of 26,773,080 shares are under pending freeze, which is 81.69% of his holdings and 8.22% of the total shares [2]. - 31,800,000 shares are marked, representing 97.02% of his holdings and 9.76% of the total shares [2]. Group 2: Auction Details - The second judicial auction is scheduled from August 28, 2025, to August 29, 2025, for 8,000,000 shares, which is 24.41% of Mr. Zhu's holdings and 2.46% of the total shares [3][6]. - The first auction for 8,000,000 shares on August 11-12, 2025, ended without bids [5]. - The auction for 975,520 shares is set for August 18-19, 2025, and is currently in the public notice stage [3][8]. Group 3: Implications of the Auction - If the auctioned shares are successfully sold, Mr. Zhu's total shareholding will decrease from 32,775,520 shares to 24,775,520 shares, reducing his ownership percentage from 10.06% to 7.61% [9]. - The combined holdings of the controlling shareholder and his concerted parties will drop from 55,732,520 shares (17.11%) to 47,732,520 shares (14.65%) [9]. - The company asserts that the auction will not significantly impact its management or lead to changes in the controlling shareholder [3][9].