Recently, *ST Zhongdi made a public announcement revealing that Guangdong Runhong Fuchuang Technology Center, its controlling shareholder, had successfully auctioned off 23.77% of its shares. The successful bidder in this auction was Shenzhen Tianwei Investment Partnership Enterprise, which secured the shares with a transaction amounting to 255 million yuan. Should the share transfer be finalized, it will lead to a change in both the company's controlling shareholder and its actual controller. The impetus for this auction was a significant debt incurred by a subsidiary of *ST Zhongdi. In 2019, a wholly-owned subsidiary of *ST Zhongdi borrowed a substantial sum of 750 million yuan from a bank, with Runhong Fuchuang stepping in to provide a joint and several liability guarantee. However, as the subsidiary failed to repay 583 million yuan of this debt, the shares held by Runhong Fuchuang were subsequently put up for auction.