Cross-border Connect: 2.30% of the company's total share capital held by Yang Jianxin, the largest shareholder, will be auctioned judicially

Jinshi data news on February 25th, Cross-border Express announced that the company’s largest shareholder, Yang Jianxin, holds 35,547,058 shares of stock to be auctioned off, accounting for 23.56% of his holdings, and 2.30% of the total share capital of the company (excluding the account for repurchasing the company). The company has no controlling shareholder or actual controller. The auction of the shares will not lead to a change in the company’s control, but if the auction is successful, it may lead to a change in the company’s largest shareholder. Currently, the company’s operations are normal, and this matter has not had a significant impact on the company’s production, operation, or corporate governance. There is uncertainty in the auction results.