The auction of the 12 million shares held by the controlling shareholder of Qujiang Culture and Tourism Holdings has been suspended.

On the evening of June 20th, Qujiang Wenchu Culture and Tourism announced that the company had received a notice from its controlling shareholder, Xi'an Qujiang Tourism Investment Co., Ltd., regarding the progress of the judicial auction of some shares of Qujiang Wenchu. The notice stated that the 12 million shares of Qujiang Wenchu held by the tourism investment group were originally scheduled to be publicly auctioned on the Taobao judicial auction platform of the Intermediate People's Court of Shaoxing City, Zhejiang Province from 10:00 on June 19th to 10:00 on June 20th, 2025. Currently, Xi'an Qujiang Cultural Industry Capital Operation Management Co., Ltd. has reached an execution and settlement agreement with the borrower, Shaoxing Keqiao Huijin Small Loan Co., Ltd., and the auction activity has been suspended.