Core Points - The major shareholders Zhu Rongjuan and Peng Tao's shares have been judicially frozen due to a financial dispute with Guangxi Beibu Gulf Bank [2][3] - A total of 38,556,320 shares held by Zhu Rongjuan and 3,370,953 shares held by Peng Tao were frozen on November 5, 2025 [2] - The company maintains that it operates independently from its major shareholders and that the judicial freezing of shares will not significantly impact its operations [3][4] Shareholder Situation - As of November 5, 2025, the cumulative shares frozen or marked for Zhu Rongjuan and Peng Tao are significant, indicating potential risks to the company's governance [2][4] - Zhu Rongjuan and Peng Tao collectively hold 22,167,585 shares, representing 4.23% of the company's total share capital, which are scheduled for judicial auction from November 25 to November 26, 2025 [3][4] Company Operations - The company asserts that its production and operational status remain normal despite the judicial actions against its major shareholders [3][4] - The company will continue to monitor the situation closely and ensure compliance with information disclosure obligations [4]

Group 1 - The company, Suzhou Chunxing Precision Industry Co., Ltd., announced that 154,199,995 shares held by its controlling shareholder, Sun Jiexiao, have been judicially frozen, representing 55.91% of his holdings and 15.05% of the company's total share capital [1] - The auction for the aforementioned shares took place on July 29, 2025, but ended without any bids, resulting in the shares being unsold [2] - The total shares held by the controlling shareholder amount to 334,560,003, which is 29.66% of the company's total share capital, with a significant portion being pledged and frozen [2]

Core Viewpoint - The announcement highlights that over 5% shareholder Qidi Technology Service Co., Ltd. and its concerted actions may have their shares judicially auctioned due to a financial dispute with China Agricultural Bank [1][2][4] Group 1: Shareholder Information - Qidi Technology Service Co., Ltd. and its concerted actions hold a total of 107,508,135 shares, representing 7.54% of the company's total share capital [1][5] - The shares subject to auction include 500,000 shares held by Qidi Technology Service Co., Ltd., 82,818,938 shares held by Zhuhai Qidi Investment Co., Ltd., and 24,189,197 shares held by Qidi Green Source Investment Co., Ltd. [2][4] Group 2: Auction Details - The public auction is scheduled to take place from July 14, 2025, to July 15, 2025, by the Beijing Financial Court [2][4] - The auction results are uncertain, and there may be subsequent processes such as bidding, payment, and transfer of ownership [2][5] Group 3: Legal Context - The auction is a result of a financial loan contract dispute between the shareholders and China Agricultural Bank [4][5] - The company will closely monitor the situation and fulfill its information disclosure obligations as required by law [5]

Core Viewpoint - The announcement highlights that the controlling shareholder of Shanghai Chuangxing Resources Development Co., Ltd., Zhejiang Huqiao Industrial Co., Ltd., will have part of its shares judicially auctioned due to legal obligations arising from debt guarantees [2][8]. Group 1: Judicial Auction Details - Zhejiang Huqiao Industrial holds 101,664,147 shares, accounting for 23.90% of the total share capital, which are all frozen [2]. - A total of 67,000,000 shares, representing 65.90% of the shares held by Huqiao Industrial and 15.75% of the company's total shares, will be auctioned from May 27, 2025, to May 28, 2025 [2][4]. - If the auction is successful, Huqiao Industrial's shareholding will decrease to 34,664,147 shares, or 8.15% of the total share capital [3][8]. Group 2: Reasons for Judicial Auction - The controlling shareholder pledged shares to various banks, leading to the current judicial auction due to legal actions taken by creditors [7][8]. - Specific pledges include 20,000,000 shares on June 27, 2023, 9,000,000 shares on February 5, 2024, 11,000,000 shares on November 20, 2023, and 27,000,000 shares on March 7, 2024 [7]. Group 3: Implications of Share Transfer - If both the judicial auction and the subsequent share transfer agreement with Liaoning Jingcheng Enterprise Management Partnership are completed, Huqiao Industrial will no longer hold any shares, resulting in a change of the controlling shareholder and actual controller of the company [3][8]. - The auction process is still in the public notice stage, and the outcome remains uncertain, which may affect the company's governance and operations [3][8].