Kennede Electronics Mfg. (002723.SZ) Controlling Shareholder Plans to Passively Reduce 1% Stake.

Kennede Electronics Mfg. (002723.SZ) announcement: the company's controlling shareholder Shenzhen Huaxin Chuangli Technology Industrial Development Co., Ltd. (referred to as "Huaxin Chuangli") is facing debt default with Xiamen International Trust Co., Ltd. (referred to as "Xiamen Trust"). The Guangdong Province Shenzhen Intermediate People's Court (referred to as "Shenzhen Intermediate Court") will forcibly sell 3.18 million shares (1% of the company's total shares) held by Huaxin Chuangli through centralized auction trading. The selling period will begin 15 trading days after the date of this announcement (October 22, 2024), and the shares must be sold before November 11, 2024.