WFDSJ: 11.85 million shares were auctioned off by judicial sale

WFDSJ announced that Zheng Su-Zhen, a shareholder holding more than 5% of the company's shares, has 275 million unrestricted tradable shares, accounting for 14.88% of the company's total share capital and 100% of her held shares, which are subject to judicial auction. As of the announcement date, the online auction phase has ended, with 11.85 million shares successfully auctioned, accounting for 0.64% of the company's total share capital and 4.31% of Zheng Su-Zhen's held shares, while the remaining 263 million shares were left unsold due to lack of bidders. The subsequent auction results involve payment, court execution legal procedures, and share transfer, and there is uncertainty regarding the outcome. The company will fulfill its information disclosure obligations in a timely manner