Xingmin ITS: 52 million shares will be auctioned off by judicial sale

Xingmin ITS announced that 52 million shares held by its shareholder Sichuan Shengbang Chuangheng Enterprise Management Co., Ltd. will be publicly auctioned on the JD.com judicial auction network platform by the Intermediate People's Court of Wuhan, Hubei Province from August 28 to August 29, 2025. These auctioned shares account for 8.38% of the company's total share capital. This auction involves shares related to litigation, and if the auction is successful, Sichuan Shengbang will no longer be a shareholder holding more than 5% of the company and will no longer be the largest shareholder of the company