Core Viewpoint - Gansu Asia-Pacific Industrial Development Co., Ltd. announced that its major shareholder, Lanzhou Asia-Pacific Mining Group Co., Ltd., will have 9,000,000 shares judicially disposed of, with 5,800,000 shares to be auctioned online and 3,200,000 shares to be disposed of through competitive bidding [1][4]. Group 1: Auction Details - The auction will take place from June 11, 2025, to June 12, 2025, on the Taobao judicial auction platform [1][2]. - The auctioned shares consist of 5,800,000 shares held by Asia-Pacific Mining [2]. - The starting price for the auction is set at 23,657,040 yuan, with a deposit of 2,000,000 yuan and a bidding increment of 58,000 yuan [3]. Group 2: Shareholder Impact - If the auction is successful and shares are sold to a third party, it will reduce Asia-Pacific Mining's shareholding percentage, subsequently lowering the voting rights of its controlling shareholder, Guangzhou Wanshun Technology Co., Ltd. [4]. - As of the announcement date, Asia-Pacific Mining and its concerted parties hold a total of 51,760,995 shares, representing 16.01% of the company's total equity [5]. - A total of 44,757,200 shares have been pledged, accounting for 86.47% of the shares held by Asia-Pacific Mining and its concerted parties [6].