WFDSJ(SH:601010) Shang Hai Zheng Quan Bao·2025-08-23 00:21Core Viewpoint - The announcement details a significant reduction in shareholding by a major shareholder of Wengfeng Dajiudian Lianhe Fazhan Co., Ltd. due to a judicial sale of shares, which has resulted in the shareholder's stake falling below 5% [2][3]. Group 1: Shareholder Changes - The major shareholder, Ms. Zheng Suzhen, previously held 123,728,407 shares, representing 6.70% of the total share capital. After the judicial sale, her holdings decreased to 62,000,000 shares, or 3.35% of the total [2][5]. - The reduction in shareholding is a result of a court ruling and does not trigger a mandatory tender offer [3][6]. Group 2: Impact on Company Management - The change in shareholding will not have a significant adverse effect on the company's management or operations, nor will it alter the controlling shareholder or actual controller of the company [3][6]. - The judicial sale of shares does not allow the new shareholders to sell their acquired shares within six months following the transaction [3][6]. Group 3: Judicial Sale Details - The shares were auctioned by the Qingdao Intermediate People's Court on the JD.com judicial auction platform from August 11, 2025, to October 10, 2025 [4]. - As of the announcement date, 61,728,407 shares have been successfully sold, and the transfer of these shares was completed on August 21, 2025 [5].