Vantone Real Estate faces new judicial auction amid share pledges

Beijing Vantone Real Estate announced that 900,000 shares held by its shareholder, Vantone Investment Holdings Co., Ltd., representing 0.05% of the company's total share capital, are scheduled for judicial auction from January 20-21, 2026. The initial display price is CNY 11,165,400. This follows a previous auction attempt that was suspended.

Vantone Investment Holdings and its controlling shareholder, JiaHua Oriental Holdings (Group) Co., Ltd., collectively own 642,511,330 shares, or 33.99% of the company's total share capital. A total of 248,400,000 shares (38.66% of their combined holdings, or 13.14% of the company's total share capital) held by these entities have been or will be subject to judicial auction. Separately, Vantone Investment Holdings recently unpledged 7,800,000 shares, which were subsequently re-pledged along with an additional 7,400,000 shares on December 16, 2025, primarily for supplementary working capital.

These ongoing judicial auctions and significant share pledge activities are not expected to impact Beijing Vantone Real Estate's daily operations or its listing status. The company assures that its major shareholders maintain good credit and sufficient repayment capabilities, with pledge risks deemed controllable. However, the final outcome of the auction remains uncertain until completion of the bidding, payment, and transfer processes.