On December 10, Gelonghui reported that Hylink Digital Solutions (603825.SH) announced that the company's controlling shareholder and actual controller, Mr. Su Tong, will have a total of 14,881,000 unrestricted circulating Stocks judicially auctioned, which accounts for 27.36% of the shares he holds in the company, 21.31% of the shares held by the controlling shareholder and its concerted actors, and 5.87% of the company's total share capital. As of the date of this announcement, the shares proposed for judicial auction are all under judicial freeze.
Before this judicial auction, the company's controlling shareholder and its concerted actors collectively held 69,838,024 shares of the company, accounting for 27.57% of the company's total share capital. Among them, 14,881,000 shares that have been pledged and frozen will be judicially auctioned. If the shares are successfully transferred after the auction, the controlling shareholder and its concerted actors will collectively hold 54,957,024 shares of the company, accounting for 21.69% of the company's total share capital. If this judicial auction is successful, it may lead to a change in the company's control. This auction will not affect the company's production and operation, nor will it prevent the company’s share distribution from meeting the listing conditions.
