<p>Hangzhou Gaoxin announced that the 5,833,700 shares publicly auctioned by the People's Court of Boshan District, Zibo City from October 16 to October 17, 2025, were unsold due to expiration of the listing. As of the announcement date, Wanren Zhongying holds 5,833,700 shares of the company, accounting for 4.61% of the company's total share capital. This auction will not lead to a change in the actual control of the company and will not have a significant adverse impact on the company's production and operations</p>

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<p>Hangzhou Gaoxin announced that the 5,833,700 shares to be publicly auctioned by the People's Court of Boshan District, Zibo City from October 16 to October 17, 2025, were unsold due to expiration of the listing. As of the announcement date, Wanren Zhongying holds 5,833,700 shares of the company, accounting for 4.61% of the company's total share capital. This auction will not result in a change of actual control of the company and will not have a significant adverse impact on the company's production and operations</p>

Hangzhou Gaoxin: Judicial auction of shareholder shares failed to sell