Wenfeng Shares: 124 million shares held by Xu Xiang's mother Zheng Suzhen will be sold by judicial means

2025-07-28 19:37:49

Wenfeng shares announced that Zheng Suzhen, a shareholder holding more than 5% of the company's shares, held 124 million shares of the company's unrestricted tradable shares, accounting for 6.70% of the company's total share capital, which will be judicially sold on the JD.com online judicial auction platform. This judicial sale will not have a significant adverse impact on the company's operations and management, nor will it affect the company's controlling shareholder and actual controller. There is uncertainty about the results of the sale, and the company will closely monitor the progress and fulfill its information disclosure obligations. According to relevant regulations, the transferee shall not reduce its holdings within 6 months after the transfer.

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