it was sold to galaxy group.

after a lapse of nearly one month, the equity auction of the major shareholder of ST Tiancheng (6117) has changed, and it is the major shareholder and the listed company itself who jump out to oppose it; During this period, the share price of listed companies has doubled. After the opening on June 21, ST Tiancheng once again closed the daily limit.

ST Tiancheng recently received the Notice of Accepting Execution Objection Cases ((221) Gui 712 Zhi Yi No.17 and No.18) and the Notice Letter from Nanning Railway Transport Court and Yinhe Group, the controlling shareholder. Galaxy Group and its company filed an execution objection to Nanning Railway Transport Court on the legality and compliance of the judicial auction of the underlying equity online, and the court has now filed a case for acceptance.

according to the court documents, the Civil Judgment ((218) Gui Min Chu No.35) made by Guangxi Higher People's Court on the case of Yinhe Group's loan contract dispute with Guangxi Railway Development Investment Fund has taken legal effect. The executor of the application, Guangxi Railway, went to the court to apply for enforcement. According to the law, the Railway Transport Court ruled to auction 61.6 million shares of listed companies held by the executed person Yinhe Group. As of the first quarter of this year, Galaxy Group held 88.6 million shares of the company, with a shareholding ratio of 17.4%. In other words, the shares auctioned this time account for 12.1% of the company's total shares. The listed company reminds that if the auction is finally closed, it may lead to changes in the company's control rights.

1. The latest total market value of ST Tiancheng is only 1.6 billion yuan. During this period, listed companies also announced the trading agenda for many times, saying that "the company does not involve the negotiation or negotiation of backdoor and reorganization with liquor companies, and has not found any undisclosed major information that may or has had a great impact on the company's stock trading price in recent media reports."

2.ST Tiancheng has asked the controlling shareholder and actual controller that there are no major issues affecting the fluctuation of the company's stock trading price; There is no major information that should be disclosed but not disclosed, including but not limited to major asset restructuring, share issuance, acquisition of listed companies, debt restructuring, business restructuring, asset divestiture and asset injection. In view of the situation of occupying the funds of listed companies, Galaxy Group said that it is planning to solve the relevant violations, and the details of the specific plan are still uncertain.