Core Viewpoint - The shares held by Zheng Suzhen, mother of Xu Xiang, in Wenfeng Co., Ltd. are being judicially sold, significantly reducing her ownership stake in the company from 14.88% to 6.07% after two previous auctions [2][4]. Summary by Sections Shareholding Changes - Zheng Suzhen's shareholding in Wenfeng Co., Ltd. has decreased from 275 million shares (14.88%) to 123,728,407 shares (6.70%) due to judicial sales [4][6]. - The latest auction will involve 1.24 billion shares, which represents 100% of her remaining shares in the company [2][7]. Company Announcements - On July 28, Wenfeng Co., Ltd. announced that Zheng Suzhen's shares would be judicially sold, indicating that this action would not significantly impact the company's management or change its controlling shareholder [2][6]. - The company has confirmed that the judicial sale will take place on the JD.com judicial auction platform, with shares divided into 124 lots [7]. Market Impact - From April 1 to July 28, the stock price of Wenfeng Co., Ltd. has declined by over 8% [8].
徐翔母亲持有文峰股份1.24亿股,将被司法变卖