According to the Qianjiang Biochemical announcement, the 8,012,511 restricted tradable shares held by Yunnan Water, a shareholder holding 5% or more of the company's shares, will be publicly auctioned on the Taobao Judicial Auction Network platform of the People's Court of Rongcheng District of Jieyang City from 10:00 to November 6, 2026, with a starting price of 28.9973 million yuan. This portion of the shares accounts for 4.85% of the company's shares held by Yunnan Water and 0.92% of the company's total share capital. The auction was judicially frozen due to a construction contract dispute. Yunnan Water is not the controlling shareholder or actual controller of the company. This auction will not lead to a change in the company's actual control rights, nor will it have a significant impact on the company's production, operation, and corporate governance. Currently, the auction is still in the publicity stage, and there is uncertainty about further progress.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.