JINJIA: 43.4 million shares of the controlling shareholder will be auctioned off judicially

JINJIA announced that its controlling shareholder, JINJIA Venture Capital, received a court notice that 43.4 million shares of the company will be auctioned judicially from 14:00 on November 25 to 14:00 on November 26, accounting for 9.37% of its holdings and 2.99% of the company's total share capital. If all shares auctioned are successfully sold and transferred, its shareholding ratio will decrease from 31.90% to 26.34%, and the combined shareholding ratio of it and its concerted parties will decrease from 34.62% to 29.06%, which will not lead to a change in the company's control. The auction is still in the public announcement stage, and the results are uncertain