ST Cuihua: More than 5% of shareholders holding 3.4 million shares will be auctioned judicially.

date
17/06/2026
ST Cuihua announced that the People's Court of Luohu District, Shenzhen City, Guangdong Province, will publicly auction 3.4 million shares held by Shenzhen Cuiyi, a shareholder of the company, representing more than 5% of the company's total share capital, from 10:00 on July 17, 2026 to 10:00 on July 18, 2026, on the Luohu Court's Taobao judicial auction network platform. As of the date of the announcement, 26.8054 million shares held by Shenzhen Cuiyi and its concerted action parties have been fully frozen by the judiciary, with a total of 6.96 million shares being enforced by the judiciary. The outcome of this auction is uncertain, if successful, Shenzhen Cuiyi's shareholding proportion will decrease, and it will not have a significant impact on the company's governance structure and operations.