GXSH(SZ:000716) Shang Hai Zheng Quan Bao·2025-09-04 18:31Core Viewpoint - The announcement details the judicial enforcement of 3.2 million shares held by the controlling shareholder, Guangxi Black Five Categories Food Group Co., Ltd., due to non-compliance with a court ruling, which will be executed through centralized bidding or block trading [1][2][4][5]. Group 1: Shareholder and Share Details - The shares to be executed represent 0.42% of the company's total share capital [4]. - The shares originated from a non-public issuance during a major asset restructuring in 2017 [3]. - The execution period is set from September 26, 2025, to December 25, 2025, with the actual execution time to be confirmed [5]. Group 2: Impact on Company Control - The judicial enforcement does not affect the control of the company, as the controlling shareholder is in the process of transferring 150,697,910 shares (20% of total shares) to Guangxi Grand Health, which is currently undergoing due diligence [9][10]. - After the transfer, the controlling shareholder will still hold 77,248,367 shares, and the enforcement of the 3.2 million shares will not change the company's control structure [10]. - The percentage of shares subject to voting rights waiver will change from 17.66% to 17.24% if the shares are executed [10]. Group 3: Legal and Compliance Aspects - The enforcement is a legal action and does not relate to any prior commitments or intentions disclosed by the controlling shareholder [7]. - The execution price will be determined based on market conditions at the time of execution [6]. - The company will continue to monitor the situation and fulfill its disclosure obligations as required [11].