Kingsun Optoelectronic shares to be judicially auctioned

Dongguan Kingsun Optoelectronic (SZSE:002638) announced that 3,025,000 shares held by the former controlling shareholder, Kingsun Group, and 10,430,000 shares held by former actual controller, Ms. Wen Qi, are set to be judicially auctioned. The auction, prompted by legal disputes, will be conducted on the Jingdong online judicial auction platform. While the shares are subject to the auction, the voting rights are currently delegated to Jingtengda, the company's largest shareholder.