Gelonghui, November 25 | Oriental Group (600811.SH) announced that the company recently received a notice that the company's largest shareholder, East-West Tibet Oriental Runlan Industrial Investment Co., Ltd. (hereinafter referred to as “Oriental Runlan”), was judicially auctioned and bid for 52,260,000 shares of the company's shares from 10:00 on November 11, 2024 to 10:00 on November 12, 2024 (excluding delays). Of these, 39,000,000 shares have completed the transfer registration procedure on November 21, 2024. The number of shares held by Dongfang Runlan changed from 498,054,129 shares to 459,054,129 shares, accounting for the company's total share capital fell from 13.61% to 12.55%, and the equity changed by more than 1%.
After the transfer of part of the shares was completed in this judicial auction, the company's largest shareholder changed to Oriental Group Co., Ltd., and the controlling shareholder is still Oriental Group Co., Ltd.
Prior to this judicial auction, Mr. Zhang Hongwei, the actual controller of the company, Dongfang Group Co., Ltd., and its wholly-owned subsidiary Dongfang Runlan held a total of 1,002,175,269 shares as concerted actors, accounting for 27.39% of the company's total share capital. After the transfer of part of the shares in this judicial auction was completed, the concerted actors held a total of 963,175,269 shares of the company, accounting for 26.33% of the company's total share capital.
