Spring Prosperity Precision Engineering: Controlling shareholder's 154 million shares may be sold through judicial means, potentially resulting in a change of controlling shareholder.

Chunxing Precision announced that the 154 million shares of the company held by controlling shareholder Sun Jiexiao will be publicly auctioned by the Beijing Financial Court from 10:00 on December 16, 2025 to 10:00 on February 14, 2026, accounting for 53.54% of the shares held by them and 13.67% of the total share capital of the company. The shares have failed to sell twice, the auction is still in the public announcement stage, and the outcome is uncertain. If all shares are sold, Sun Jiexiao's holdings will decrease to 11.86%, and the total holdings of them and the persons acting in concert will decrease to 14.61%, causing a change in the company's controlling shareholder and actual controller. In addition, the two companies owe the company 397 million yuan, for which Sun Jiexiao bears joint and several guarantee responsibility.