banbao(SH:603398) Shang Hai Zheng Quan Bao·2026-01-05 00:36Core Viewpoint - The announcement details a judicial auction of shares held by the controlling shareholder of Jiangxi Mubang High-Tech Co., Ltd. due to a debt dispute involving a subsidiary, which may impact the shareholder's equity stake but will not change the company's control [2][4][5]. Group 1: Auction Overview - The auction is a result of a financing lease contract dispute between Inner Mongolia Haohan Energy Technology Co., Ltd. and Chengtai Leasing (Shanghai) Co., Ltd. [2][5] - The shares to be auctioned include 2,363,264 unrestricted circulating shares, representing 3.39% of the controlling shareholder's total shares and 0.54% of the company's total equity [2][9]. - The auction is scheduled to take place from January 24, 2026, at 10:00 AM to January 25, 2026, at 10:00 AM [3][12]. Group 2: Shareholder and Legal Context - The controlling shareholder, Mubang New Energy Holdings, holds a total of 69,723,616 shares, which is 16.08% of the company's total equity, with 93.92% of these shares currently pledged [14]. - The shares being auctioned are part of a court-ordered execution due to the failure of the controlling shareholder to fulfill legal obligations as determined by the Shanghai Pudong New District People's Court [5][8]. - If the auction is successful, the controlling shareholder's stake will decrease to 67,360,352 shares, or 15.53%, but will not affect the control of the company [14].