WSBE(SH:600421) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-10-14 05:24Core Viewpoint - The company is undergoing a judicial auction process involving significant shares held by its major shareholder, Wuhan New Generation Technology Co., Ltd., and its associated party, Mr. Cai Shouping, which may impact the ownership structure but will not affect the company's daily operations or management [2][3][9]. Group 1: Judicial Auction Details - The shares involved in the auction total 42,228,990, representing 21.59% of the company's total equity [2][5]. - The auction was scheduled by the Jilin Province Changchun Intermediate People's Court from July 22 to July 23, 2025, but it ended without any bids, resulting in a failed auction [4]. - A second auction is set to take place from September 15 to September 16, 2025, for the same number of shares [5]. Group 2: Court Rulings - The court has issued rulings transferring ownership of 7,994,729 shares from Mr. Cai Shouping to the buyer, Mr. Guo Yang, and 18,000,000 shares from Wuhan New Generation Technology to buyers Mr. Wang Min and Mr. Wei Wei [6][7]. - Additionally, 16,234,261 shares held by Wuhan New Generation Technology will be sold for 84,465,236.56 yuan to settle debts owed to Jilin Jiutai Rural Commercial Bank [7][8]. Group 3: Company Impact - The company will closely monitor the progress of the judicial auction and fulfill its information disclosure obligations as required by law [3][9]. - The auction and subsequent share transfers will not lead to a change in control of the company, nor will they impact its daily operations and management [3][9].