Taikong Intelligent Construction's major shareholder sees shares fail to attract bids

Taikong Intelligent Construction announced that 67,557,299 shares, representing 10.53% of the company's total share capital, held by its major shareholder Fan Li, failed to sell at a judicial auction held from September 29 to September 30, 2025. The shares, which constitute 99.9953% of Fan Li's total holdings in the company, did not receive any bids on the JD.com judicial auction platform.

The company is currently under investigation by the China Securities Regulatory Commission (CSRC) for alleged information disclosure violations. If these violations are confirmed and trigger conditions for mandatory delisting under the Shenzhen Stock Exchange ChiNext Stock Listing Rules, the company's shares will face significant delisting risks.

As of the announcement date, Fan Li holds 67,560,450 shares, amounting to 10.53% of the company's total share capital. The future judicial execution of these unsold shares remains uncertain, and the company plans to monitor subsequent developments closely.