NBZB: The shares held by the controlling shareholder will be auctioned off, which may lead to a change in the company's control

Ningbo Zhongbai announced that the company has received the "Auction Notice" delivered by the Qingdao Intermediate People's Court, which will auction 35,405,252 unrestricted circulating shares held by the controlling shareholder, Tibet Zetian, accounting for 15.78% of the company's total share capital. If the above shares are fully auctioned, it will lead to a change in the company's control. Currently, the company's business activities are normal, and this matter will not have a significant adverse impact on the company's production and operation. The auction is still in the public announcement stage, and subsequent steps may involve bidding, payment, court enforcement legal procedures, and transfer of equity change, with uncertain outcomes. According to relevant regulations, the transferee may not reduce their holdings within 6 months after the transfer