杉杉股份控股股东一致行动人司法拍卖股份完成过户，权益变动跌破25%

Core Points - Ningbo Shanshan Co., Ltd. announced a significant change in shareholding due to the judicial auction of shares held by its controlling shareholder's action partner, Ningbo Yinzhou Jielen Investment Co., Ltd. [2] - The shareholding ratio of the controlling shareholder and its action partners decreased from 26.17% to 24.85%, crossing a 5% threshold [2] - The auction involved 29.58 million shares, which were successfully auctioned on August 25-26, 2025, and the transfer procedures were completed by October 17, 2025 [2] - Following the transfer, Ningbo Yinzhou Jielen no longer holds any shares in Shanshan Co., Ltd. [2] - Other entities within the controlling shareholder group maintained their shareholding, totaling 559,008,926 shares, which represents 24.85% of the total share capital [2] Summary by Sections Shareholding Changes - The judicial auction resulted in a decrease of 1.32% in shareholding for Ningbo Yinzhou Jielen, which previously held 29.58 million shares [2] - After the transfer, the remaining shareholders in the controlling group did not change their holdings [2] Compliance and Obligations - The company clarified that this change in equity does not trigger mandatory tender offer obligations and complies with prior commitments and intentions made by the relevant parties [3]