Golden Dragon completes partial share transfer after judicial auction

Guangdong Golden Dragon Development announced that 10.5 million shares held by its controlling shareholder, Dongguan New Century Science and Education Development Co., Ltd. (New Century Company), have completed transfer registration following a judicial auction. Specifically, 4.5 million shares were transferred on November 14, 2025, and 6 million shares on November 17, 2025. These shares were part of a larger auction of 43.5 million shares held by New Century Company.

Following this transfer, New Century Company's stake in Guangdong Golden Dragon Development decreased from 19.64% to 18.47%, representing a reduction of 10.5 million shares. However, the company confirmed that this change does not affect its controlling shareholder or actual controller status, with New Century Company and Mr. Yang Zhimao remaining in their respective roles.

The company emphasized that this is a passive reduction due to judicial auction, not an active decision by the controlling shareholder, and will not materially impact the company's operations. The 10.5 million shares transferred are subject to a six-month lock-up period, prohibiting further reduction.