TCL Smart Home shareholder faces second judicial auction

Wuhan Zhixin Ruikang Technology, which holds over 5% of Guangdong TCL Smart Home Appliances, faces a second judicial auction of 35 million shares on July 22-23, 2025.

The Shenzhen Intermediate People's Court set a starting bid of 274.12 million yuan, down 20% from the failed first auction's 342.65 million yuan price.

TCL Smart Home said the auction outcome will not change company control or significantly affect operations, as Zhixin Ruikang is not the controlling or largest shareholder.