HAIAN HAIYAO: There is new progress in the judicial auction of some shares held by shareholders with more than 5% ownership

On October 9 and 16, 2025, HAINAN HAIYAO disclosed the relevant announcement regarding the judicial auction of shares held by its shareholder, Southern Tongzheng, who holds more than 5% of the shares. The Wuhan Intermediate Court is auctioning 130,825,900 shares of HAINAN HAIYAO pledged by Southern Tongzheng on JD.com, with the auction temporarily suspended on October 15 and resuming on the 16th. The shares being auctioned account for 98.11% of the total shares held by Southern Tongzheng and 10.08% of the company's total share capital. Among them, 123,825,900 shares are scheduled for a second auction on November 1-2, and 7 million shares for the first auction on November 16-17. If all are successful, Southern Tongzheng's holdings will be reduced to 2,520,418 shares, accounting for 0.19%. Currently, it is in the public announcement stage, and the results are uncertain, which will not lead to a change in the company's actual control or adverse effects. The company will continue to disclose progress