Changzhou Shenli Electrical Machine Incorporated CoSecond-largest shareholder's entire 8.01% stake to be judicially auctioned; outcome uncertain but may affect ownership stability.

Shenli Shares announced that the entire 17.4507 million shares held by its second-largest shareholder, Shenzhen Qianhai Zhongwu Yifang Enterprise Management Consulting, will be judicially auctioned, representing 8.01% of the company's total share capital. The auction stems from a failed cross-border military-industry acquisition years ago, with Zhongwu Yifang being pursued for guarantee obligations and its shares already subject to judicial rotational freezing. The auction will be conducted via the Taobao judicial auction online platform, divided into six lots, with the starting price set at 70% of the average closing price over the 20 trading days prior to August 17, 2026. The auction will run from 10:00 a.m. on August 17, 2026, to 10:00 a.m. the following day. The company stated that the auction outcome remains uncertain and it will closely monitor developments. Shenli Shares is primarily engaged in motor stator and rotor laminations and cores, and expects its attributable net profit for the first half of 2026 to increase by 103.13% to 191.99% year-on-year.
Changzhou Shenli Electrical Machine Incorporated CoSecond-largest shareholder's entire 8.01% stake to be judicially auctioned; outcome uncertain but may affect ownership stability.
Zhongwu Yifang's shares being auctioned due to failed acquisition and guarantee obligations, indicating legal and financial distress.