Shang Hai Zheng Quan Bao·2025-11-18 18:30Core Viewpoint - The announcement details the progress of the second judicial auction of shares held by the controlling shareholder of Ningxia Zhongke Biotechnology Co., Ltd., indicating that the shares have been auctioned and the outcome is pending further legal procedures [2][4]. Group 1: Shareholding and Auction Details - Shanghai Zhongneng Enterprise Development (Group) Co., Ltd. holds 200,000,000 shares of Ningxia Zhongke, accounting for 29.20% of the total share capital, with all shares pledged and frozen [2][3]. - The second judicial auction for the 200,000,000 shares took place from November 17 to November 18, 2025, on the JD Network Judicial Auction platform [4][5]. - The auction results indicate that the shares were successfully bid on, with the final transaction subject to the court's auction ruling [5][6]. Group 2: Future Steps and Uncertainties - Following the auction, there are still steps involving the payment of auction proceeds, legal execution procedures, and the transfer of share ownership, which introduces uncertainty regarding the final outcome [2][6]. - If the shares are fully transferred, Shanghai Zhongneng will no longer hold any shares in the company [2][6]. - The company will closely monitor the situation and fulfill its information disclosure obligations as required by relevant laws and regulations [2][6].