中公教育：控股股东4800万股被司法拍卖，成交金额1.01亿元

Core Viewpoint - The announcement from Zhonggong Education indicates that the controlling shareholder, Li Yongxin, will have 48 million shares (0.78% of total equity) auctioned judicially on December 8-9, 2025, for a total of 1.01 billion yuan, with bidders including Meng Kuan, Zhong Ge, and Tang Yanyan [1] Group 1 - The auction will reduce Li Yongxin and his concerted parties' shareholding from 17.70% to 16.92%, which will not lead to a change in company control [1] - The auction process involves subsequent steps such as payment of the remaining amount and transfer of shares, introducing uncertainty regarding the final outcome [1] - A portion of the shares held by the controlling shareholder and his concerted parties is pledged and frozen, which may affect the stability of company control [1]