The 35 million shares held by the controlling shareholder of Jinlong Group will be auctioned for the second time.

On the evening of August 4th, Jinlong shares announced that the 35 million shares held by the controlling shareholder, Dongguan Xincheng Century Science and Education Development Co., Ltd., will be auctioned for the second time. This portion of shares accounts for 16.59% of Xincheng Century's shareholding and 3.91% of the total share capital of the company. The auction, initiated by the Tianhe District People's Court of Guangzhou City, will take place on August 25, 2025, on the Taobao Judicial Auction Network platform, with a one-day auction period. The announcement stated that the reason for the auction is judicial enforcement, and specific auction information has been publicly displayed on the platform mentioned above.