According to GM's announcement, 20.84 million shares of the company's shares held by Hongdou Group, a shareholder holding 5% or more of the company's shares, are to be judicially enforced by the Yuhuatai District Court. Currently, the frozen and pledged status of these shares has all been adjusted to unrestricted sales, and the sale has not yet been enforced. Hongdou Group currently holds 258 million shares of the company, accounting for 16.28% of the company's total shares. All of its shares have been judicially marked and frozen, of which 95.32% have already been pledged. This incident will not result in a change in the company's control, nor will it affect the company's daily operations.

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