002341SZSE

Notice on the Judicial Auction of Shares Held by Controlling Shareholder and Actual Controller

ST New Materials Co., Ltd.··3 pages

✨ AI Summary

This announcement informs that Mr. Hou Yi, the controlling shareholder and actual controller of the company, will have 18,125,072 shares auctioned due to judicial enforcement. The auction is scheduled from August 12 to August 13, 2024. Although this will result in a passive reduction of his holdings, it will not change the company's control or significantly impact its operations.

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Full Translation

AI Translation· azure_openai

Stock Code: 002341
Stock Abbreviation: ST Xinlun
Announcement Number: 2024-064

Notice on the Judicial Auction of Shares Held by Controlling Shareholder and Actual Controller

The company and all members of the board guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.

Special Reminder: According to Article 15, Paragraph 1 of the "Interim Measures for the Administration of Share Reduction by Shareholders of Listed Companies": "Shareholders reducing their shares due to judicial enforcement or stock pledge, margin financing, or default in repurchase securities transactions shall apply the relevant provisions of these measures according to the specific reduction method and comply with the relevant rules of the stock exchange." And Article 13, Paragraph 1: "Major shareholders reducing shares through agreement transfer or other shareholders reducing shares through agreement transfer of shares issued before the company's initial public offering shall comply with the relevant regulations of the stock exchange regarding agreement transfer, and the transferee shall not reduce the shares acquired within six months after the transfer." The parties involved in this judicial auction must comply with the relevant restrictive requirements regarding share changes and information disclosure. The transferee shall not reduce the shares acquired within six months after the transfer.

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