Sinotrans: Guangzhou Rural Commercial Bank plans to publicly auction its 8.84% stake in the company.

date
04/12/2025
Announcement of Zhongjie Resources: Shareholders holding more than 5% of the shares, Guangzhou Rural Commercial Bank Co., Ltd. intends to transfer all its holdings of 106 million shares of Zhongjie Resources, accounting for 8.84% of the total share capital of the company, through a public auction to determine the transferee. The relevant bidding announcement for this auction is scheduled to be released on the auction platform of Guangzhou Public Auction House Ltd. on December 4, 2025. The company is currently in a state of having no controlling shareholder or actual controller, and this auction is not expected to have a significant impact on the company's governance structure and ongoing operations.