Golden Dragon Development sees partial share transfer after judicial auction

Guangdong Golden Dragon Development Co., Ltd. announced that 3 million shares previously held by its controlling shareholder, Dongguan New Century Science and Technology Development Co., Ltd., completed transfer registration on November 18, 2025. These shares were among 43.5 million shares auctioned by the Chongqing No. 5 Intermediate People's Court on the JD.com judicial auction platform in October 2025. This transfer represents a 0.33% reduction in the company's A-share capital.

Prior to this transfer, New Century Company held 165.5 million shares, or 18.47% of the total share capital. Following the transfer, its holding decreased to 162.5 million shares, representing 18.14%. Despite this change, New Century Company remains the controlling shareholder, and Yang Zhimao continues to be the actual controller of the company.

The company stated this equity change is a passive reduction due to judicial auction and will not impact operational management. The 3 million transferred shares are subject to a six-month lock-up period, prohibiting their reduction in accordance with relevant regulations.