Jason Furniture shareholder faces further auction of stock

Gujia Group, a major shareholder in Jason Furniture Hangzhou (SSE:603816), will have 4,700,000 of its shares judicially auctioned, representing 0.57% of the total share capital. This action marks the third round of court-ordered auctions involving Gujia Group's stake. Currently, Gujia Group holds 103,171,483 shares, accounting for 12.55% of Jason Furniture's total equity, all of which are presently frozen. The auction, conducted through an online platform, is scheduled for April 22-23, 2025, but still in preliminary stages. Jason Furniture assures investors that the auction will not change their controlling stake and the company will remain vigilant.