-
The securities code: 002288
The securities abbreviation: *ST Chaohua
Announcement number: 2024-072
The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions. -
The subject of this auction is the 17.6% equity stake in the associated company Meizhou Commercial Bank Co., Ltd.
-
This judicial auction is currently in the public announcement stage, and subsequent steps will involve bidding, payment, and transfer of equity ownership. The outcome of the auction remains uncertain, and the company will closely monitor the progress of this matter and fulfill its information disclosure obligations in a timely manner.
-
The judicial auction of the equity stake in the associated company will not have a direct impact on the company's current production and operations. Investors are advised to pay attention to investment risks.
Guangdong Chaohua Technology Co., Ltd. (hereinafter referred to as "the Company" or "Chaohua Technology") recently received the "Execution Ruling" issued by the Intermediate People's Court of Meizhou City, Guangdong Province [(2023) Yue 14 Zhi 431 No. 9]. Due to a construction contract dispute litigation between China 22nd Metallurgical Group Co., Ltd. and the Company, the court has ordered the auction of the 17.6% equity stake in Meizhou Commercial Bank Co., Ltd. on the Taobao judicial auction platform to repay the debt.
As of the date of this announcement, it can be checked on the Taobao judicial auction platform that the Intermediate People's Court of Meizhou City, Guangdong Province, will auction the 17.6% equity stake in Meizhou Commercial Bank Co., Ltd. from 10:00 on July 25, 2024, to 10:00 on July 26, 2024 (excluding any extensions).