FilingReader Intelligence

East Group completes transfer of judicially auctioned shares

October 10, 2025 at 05:10 AM UTCBy FilingReader AI

East Group announced the completion of the transfer of 61,610,000 shares, which were part of a judicial auction involving unrestricted circulating shares held by Xinping Huimeng New Energy Technology Co., an associate of the company's largest shareholder. These shares represented 2.6892% of East Group's total share capital. A remaining 1,000,000 shares from the auction are pending transfer, with the company monitoring progress.

Before this transfer, the largest shareholder and its associates collectively held 858,829,692 shares, representing 36.8875% of East Group's total share capital. Following the transfer, their collective holdings have decreased to 855,729,692 shares, reducing their ownership to 36.7544%. The company confirmed that it currently has no controlling shareholder or actual controller, and this share transfer will not lead to a change in its actual control.

East Group emphasizes that it operates independently from these shareholders in terms of assets, business, and finance. The judicial auction and share transfer are not expected to have a significant adverse impact on the company's production and operations, which are currently proceeding normally and in an orderly manner. As of the announcement date, 1,000,000 shares from the judicial auction are still awaiting transfer, and the company will continue to monitor the situation.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SZSE:300376Shenzhen Stock Exchange
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