According to GM's announcement, 3 million shares of the company's shares held by Hongdou Group, a shareholder holding 5% or more of the company's shares, were judicially liquidated through centralized bidding, and Hongdou Group's shareholding ratio was reduced from 16.28% to 16.09%. After this equity change, the total shareholding ratio of Hongdou Group and its co-actors, Wuxi Tianren International Investment Co., Ltd., Zhou Haijiang, and Gu Cui, was reduced from 17.02% to 16.83%, hitting the 1% scale. This change in equity does not affect the proposed acquisition, will not result in a change in the company's control, and there is no violation of relevant regulations.

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