Zhongju Hi-tech: the court ordered the auction of 9 million shares of the company held by the controlling shareholder

Xinhua News Agency, June 1 / PRNewswire-FirstCall-Asianet /-- Zhongju Hi-Tech announced that due to a loan contract dispute between Zhongshan Runtian Investment Co., Ltd., its affiliates, and Pudong Development Bank, Shenzhen Futian District Court ruled that 9 million shares of Zhongju Hi-Tech held by Zhongshan Runtian, the executee, should be auctioned and sold. The enforcement of the shares will not affect the production and operation of the company.