Vantone Development's controlling shareholder auctions shares

Beijing Vantone Real Estate announced that its controlling shareholder, JiaHua Oriental Holdings (Group) Co., Ltd., successfully auctioned 30 million shares of the company. The auction, conducted via Taobao's judicial auction platform from December 22 to December 23, 2025, saw all shares find buyers, accounting for 1.59% of the company's total share capital.

The shares were acquired by two separate bidders. One buyer secured 3 million shares at 11.33 yuan per share, totaling 33,990,000 yuan. Another buyer acquired 27 million shares at 11.32 yuan per share, amounting to 305,640,000 yuan. The final transaction is contingent on the Beijing No. 1 Intermediate People's Court issuing an auction confirmation.

The company noted that the auction process still involves payment of outstanding balances and equity transfer procedures, and the ultimate outcome remains uncertain. Beijing Vantone Real Estate will continue to monitor the progress and fulfill its information disclosure obligations as required.