CDT(SZ:300344) Xin Lang Cai Jing·2025-09-30 09:02Core Viewpoint - The shares held by a major shareholder of ST Lifan, Fan Li, were put up for auction but failed to attract any bids, resulting in a failed auction. This situation raises concerns about the company's governance and potential legal issues [1] Group 1: Shareholder Actions - Fan Li holds 67,557,299 shares of ST Lifan, which represents 99.9953% of his total holdings and 10.53% of the company's total share capital [1] - The auction took place on September 29-30, 2025, on the JD.com judicial auction platform, but no bids were received, leading to the shares being unsold [1] Group 2: Legal and Regulatory Issues - The company is currently under investigation for violations related to information disclosure, which could lead to significant legal repercussions [1] - If the investigation reveals major violations, the company may face forced delisting from the stock market [1] Group 3: Impact on Operations - The failed auction is not expected to have a significant adverse impact on the company's production and operations [1]