Shenzhen Shengxunda shareholder faces forced liquidation risk

Shenzhen Shengxunda Technology Co., Ltd. announced that shareholder Chen Yongrui is at risk of having up to 1,815,675 shares, or 0.9105% of the company's total share capital, forcibly liquidated. The decision stems from a ruling by the Shenzhen Intermediate People's Court, which allows Guohai Securities Co., Ltd., the pledge holder, to dispose of Chen's shares. The shares subject to potential liquidation are from before the company's initial public offering. The disposal, if it occurs, will be carried out through centralized bidding within three months after three trading days from the date of this announcement, specifically between May 9, 2025, and August 8, 2025. Shenzhen Shengxunda stated that the potential forced liquidation is not expected to change the company's actual controller or impact its corporate governance and continued operations.