Zhonggong Education: Shareholder Wang Zhendong's 8.3739 million shares are planned to be forcibly sold by the judiciary.
Zhonggong Education announced that due to a dispute over a loan agreement between shareholder Wang Zhendong and the applicant for execution, the Intermediate People's Court of Taiyuan City, Shanxi Province, required Huatai Securities to assist in the forced sale of 9 million shares of the company owned by Wang Zhendong. Due to restrictions on reducing holdings, Wang Zhendong can dispose of 8.3739 million shares, accounting for 2.62% of his holdings, and 0.14% of the company's total share capital. The shares will be sold at market price from January 28 to March 31, 2026. As of the disclosure date of the announcement, Wang Zhendong held 320 million shares of the company, accounting for 5.19%, and had previously had 143 million shares enforced by judicial execution, accounting for 2.31%. This divestment will not affect the company's control.
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