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There is a tree: the former chairman's 12 million shares will be auctioned.

07/11/2025

A notice posted on a tree states that 12 million shares of the company held by Mr. Xiao Siqing, the former chairman of the company, will be auctioned by the Shenzhen Intermediate People's Court to repay debts. This auction will take place on the Taobao Judicial Auction Network Platform from 10:00 AM on December 11, 2025, to 10:00 AM on December 12, 2025.

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