On January 5, Chenzhou Jingui Yinye Co., Ltd. announced the result of judicial auction of parts of the company's shares held by the original controlling shareholder.

According to the Confirmation of Successful Online Bidding issued by the JD Judicial Auction Network Platform, after the public bidding, the bidder First Capital Securities Co., Ltd. won the auction target of 26,680,381 shares of Jingui Yinye held by the executioner Cao Yonggui and 6,323,988 shares of Jingui Yinye held by the executioner Cao Yonggui with RMB66,067,344.09 (USD10,068,017) and RMB16,358,729.82 (USD2,492,910) respectively.

In addition, after an open auction, the bidder Chen Xuegeng won the auction target of 18,309,000 shares of Jingui Yinye held by the executioner Cao Yonggui with the highest bid on the JD Judicial Auction Network Platform. The auction transaction price was RMB33,835,032.00 (USD5,156,127.99).

After the transfer of shares in this auction is finally completed, the number of company shares held by the company's original controlling shareholder Cao Yonggui will be reduced from 205,253,479 shares to 153,940,110 shares, and the shareholding ratio will drop from 9.29% to 6.96%.