Chenming Paper (01812): The controlling shareholder Chenming Holdings holds 20.826 million A-share shares of the company to be judicially auctioned

Zhitong Finance App News, Chenming Paper (01812) issued an announcement. The company recently received a letter from the controlling shareholder Chenming Holdings Co., Ltd. (“Chenming Holdings”) to learn that some of its shares in the company are to be judicially auctioned. The subject of this judicial auction is that Chenming Holdings, the controlling shareholder of the company, holds 20.826 million A-shares of the company, accounting for 2.54% of its shares and 0.71% of the company's total share capital.

This auction is still in the publicity stage. The future may involve auctions, auctions, payment, equity changes, etc., and there is still uncertainty about the outcome of the judicial auction. Currently, the company's production bases are operating steadily, and production and operation are normal and orderly. This judicial auction will not have a significant adverse impact on the company's production and operation, etc., and will not cause changes in the company's control.