The controlling shareholder of Zhongan Technology Holdings successfully auctioned off 61 million shares through judicial auction, with Hangzhou Gongwang winning the bid.

Zhongan Science and Technology announced that on July 22nd, the 61 million restricted shares held by the controlling shareholder Zhonghenghuizhi were successfully auctioned off, with Hangzhou Gongwangrunying Investment Partnership Enterprise winning 30 million shares for 66.432 million yuan and 31 million shares for 68.6464 million yuan. The final transaction of this auction is subject to the ruling of the Wuhan Intermediate People's Court, and further procedures such as payment and transfer need to be completed, with uncertain results. If the transfer is completed, Zhonghenghuizhi's shareholding will decrease from 343 million shares to 282 million shares; if Hangzhou Gongwang completes the transfer of the 26.63 million shares purchased in this auction and the one on July 7th, its shareholding will increase to 147 million shares. The announcement stressed that this auction will not affect the company's production and operation or control rights, and that there is still a risk of the remaining shares of Zonghenghuizhi being frozen or disposed of.