ST Kaiyuan: 0.53% of shares held by the controlling shareholder and concerted parties may be subject to judicial auction

ST Kaiyuan announced that Mr. Jiang Sheng, a concerted actor of the company's controlling shareholder and actual controller, holds 2.145 million shares, accounting for 0.53% of the company's total share capital, which may be subject to judicial auction. The auctioned object is 49.43% of the shares held by Mr. Jiang Sheng. Previously, Mr. Jiang Yong, the company's controlling shareholder, held 2.1 million shares, accounting for 0.52% of the company's total share capital, which may also be subject to judicial auction. If both auctions are completed, the shareholding ratio of the controlling shareholder and its concerted actors will decrease from 11.84% to 10.78%. The auction matter is still in the public announcement stage, and subsequent steps may involve bidding, payment, and transfer of equity, with uncertain final results