CS's controlling shareholder's 61 million shares were sold at judicial auction, won by Hangzhou Gongwang

Zhong An Ke announced that the 61 million restricted circulating shares held by its controlling shareholder Zhongheng Huizhi were completed through judicial auction on July 22. Hangzhou Gongwang Runying Investment Partnership acquired 30 million shares and 31 million shares for RMB 66.432 million and RMB 68.6464 million, respectively. The final transaction of this auction is subject to the ruling of the Wuhan Intermediate People's Court, and subsequent procedures such as payment and transfer need to be completed, resulting in uncertainty. If the transfer is completed, Zhongheng Huizhi's shareholding will decrease from 343 million shares to 282 million shares; if Hangzhou Gongwang completes the transfer of the 26.63 million shares bid on July 7, its shareholding will increase to 147 million shares. The announcement emphasized that this auction does not affect the company's production and operation or its controlling rights, and the remaining shares of Zhongheng Huizhi still face risks of being frozen or disposed of