WFDSJ: 124 million shares held by Xu Xiang's mother, Zheng Su-zhen, will be sold off by judicial auction

WFDSJ announced that its shareholder Zheng Suzheng, who holds more than 5% of the company's shares, will sell 124 million unrestricted circulating shares on the JD Network judicial auction platform, accounting for 6.70% of the company's total share capital. This judicial sale will not have a significant adverse impact on the company's management and operations, nor will it affect the company's controlling shareholder and actual controller. The outcome of the sale is uncertain, and the company will closely monitor the progress and fulfill its information disclosure obligations. According to relevant regulations, the transferee is not allowed to reduce their holdings within 6 months after the transfer