ST Zodi Investment: 23.77% of shares held by the controlling shareholder will be auctioned off judicially

ST Zodi Investment announced that the controlling shareholder Runhong Fuchuang holds 71.1448 million shares of the company, accounting for 23.77% of the total share capital, which will be publicly auctioned on Alibaba Assets · Judicial from September 24 to 25, 2025. This auction is triggered by a debt dispute, and if successful, the company's control may change. As of June 30, 2025, the wholly-owned subsidiary Zhongmei Heng Real Estate still owes a total of 564 million yuan in principal, interest, penalty interest, and compound interest to China Three Gorges Bank. The auction is currently in the public notice stage, and subsequent steps may involve bidding, payment, and transfer of equity, with uncertain outcomes