Guandian Defense(SH:688287) Shang Hai Zheng Quan Bao·2025-11-06 19:29Core Viewpoint - The actual controller of Guandian Defense Technology Co., Ltd., Mr. Gao Ming, will have part of his shares judicially auctioned, which will not affect the company's control or daily operations [3][18]. Group 1: Auction Details - Mr. Gao Ming holds 149,494,500 shares, accounting for 40.35% of the total share capital. A total of 17,210,148 shares will be auctioned, representing 11.51% of his holdings and 4.64% of the company's total shares [2][18]. - The auction will occur in five phases, with the first phase scheduled from December 3, 2025, 10:00 AM to December 4, 2025, 10:00 AM [4][7]. - The starting price for the first auction is set at 16,865,945.04 yuan, with a deposit of 1,700,000 yuan and a bidding increment of 80,000 yuan [5][11]. Group 2: Legal Context and Implications - The auction is a result of Mr. Gao's failure to fulfill a guarantee obligation, leading Beijing Bank to apply for execution, with a total principal amount of 38,000,000 yuan involved [17]. - The auctioned shares will be subject to a six-month holding period during which the buyer cannot sell the shares [19]. - The company will continue to monitor the situation and fulfill its disclosure obligations as required by law [20].