Zheng Quan Shi Bao Wang·2025-09-04 14:12Core Viewpoint - The controlling shareholder of Jingyi Co., Ltd. may have their shares judicially auctioned, potentially leading to a change in company control [2][4]. Group 1: Shareholder and Control Information - Jingyi Co., Ltd. announced that its controlling shareholder, Sanjian Holdings, holds 75.1847 million shares, accounting for 29.9996% of the total share capital [4]. - The shares are currently under pledge and judicial freeze, and a public auction is scheduled for October 9-10, 2025 [2][4]. Group 2: Company Operations and Impact - The company stated that its operations are currently normal and that the auction has not yet had a significant impact on its production, operations, or governance [4]. - There is uncertainty regarding the auction outcome, as the court has the authority to suspend or withdraw the auction before or during the process [4]. Group 3: Regulatory Issues - The Guangdong Securities Regulatory Commission found that Jingyi Co., Ltd. failed to disclose the controlling shareholder's and chairman's credit issues, violating regulations [5]. - The chairman, Huang Yuhui, was listed as a dishonest executor by multiple courts, which disqualifies him from holding his position under company law [5]. - The regulatory body decided to impose corrective measures on the company and issued warning letters to key executives, including Huang Yuhui [5]. Group 4: Management Changes - Following the regulatory findings, Huang Yuhui submitted his resignation from all positions within the company on June 25, 2023, citing personal reasons [6].