Global Top E-Commerce shareholder faces more judicial share auctions

Global Top E-Commerce Co., Ltd. announced that 3 million shares held by shareholder Yang Jianxin are slated for judicial auction by the Taiyuan Intermediate People's Court from September 19-20, 2025. This follows an earlier successful auction of 27,547,058 shares by the Guiyang Intermediate People's Court from August 25-26, 2025. The previously auctioned shares were sold for 4.58 yuan per share, totaling 126,165,525.64 yuan.

As of the latest announcement, Yang Jianxin and his concert parties hold 122,364,669 shares, representing 7.85% of the total share capital. Cumulatively, 93,921,210 shares have been successfully auctioned, accounting for 76.76% of his total holdings and 6.03% of the company's total share capital. The latest 3 million shares to be auctioned represent 2.51% of his holdings and 0.19% of the company's total share capital.

The company clarified that it has no controlling shareholder or actual controller, and these auctions will not lead to a change in control. However, the outcomes of the auctions remain uncertain. Global Top E-Commerce will continue to monitor the situation and provide updates.