ST Longyuan: Controlling shareholder's family shares auction suspended, facing multiple risks including performance losses.

ST Longyuan announced that the judicial auction of the 1.2 billion shares of unlimited circulating shares held by family member Lai Zhenyuan, the controlling shareholder, has been suspended. The net loss for the year 2025 was 2.586 billion yuan, and the net loss for the first quarter of 2026 was 0.13 billion yuan, with some debts overdue. From April 29 to May 25, 2026, the company and its subsidiaries were involved in lawsuits totaling approximately 820 million yuan. On June 24, the 1.09 billion shares held by Lai Chaohui were judicially frozen. In addition, the company's stock may be delisted due to its price falling below par value.