Dianchi Water (03768) issued an announcement that 245.5 million shares (approximately 23.86% of the total shares of the company) held by its controlling shareholder Kunming Dianchi Investment Co., Ltd. ('Dianchi Investment') will be auctioned on Alibaba's judicial auction platform from 10:00 am on June 6, 2024 to 10:00 am on June 7, 2024.

According to the information provided on the auction platform after the deadline for the first judicial auction on June 7, 2024, no one bid and the first judicial auction failed.

On June 7, 2024, the company noted that the 245.5 million shares (approximately 23.86% of the total shares of the company) held by Kunming Dianchi Investment Co., Ltd. will be auctioned for the second time (the second judicial auction) on the auction platform from 10:00 am on June 23, 2024 to 10:00 am on June 24, 2024 (excluding delays).

As of the date of this announcement, Kunming Dianchi Investment Co., Ltd. holds 660 million shares of domestic shares (approximately 64.16% of the total shares of the company).

As of the date of this announcement, the second judicial auction is still in the public notice stage, and the final success of the bidding is uncertain.