Stock Code: 000020 200020 Stock Name: Shenghua A Shenghua B Serial Number: 2026-30
Shenzhen Zhongheng Huafa Co., Ltd. Announcement Regarding the Proposed Sale of Part of the Company's Shares Held by the Controlling Shareholder
The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed in this announcement, and that there are no false records, misleading statements, or material omissions.
Special Risk Warning:
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The subject of this judicial sale is 3,189,894 shares of the Company held by the controlling shareholder, Wuhan Zhongheng New Technology Industrial Group Co., Ltd. (hereinafter referred to as "Wuhan Zhongheng Group"). This represents 2.67% of the shares held by the shareholder and 1.13% of the Company's total share capital.
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The sale is currently in the public notice phase, and the outcome is uncertain. This judicial sale of shares will not affect the stability of the Company's control or its daily operations. The Company will closely monitor the progress of this sale and fulfill its disclosure obligations in a timely manner.
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Bidders in the judicial sale must comply with the relevant provisions of Article 13, Paragraph 1, and Article 15, Paragraph 1 of the "Interim Measures for the Administration of Shareholder Reduction of Shares of Listed Companies," and Article 16, Item (3), and Article 15, Paragraph 2 of the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 18 – Reduction of Shares by Shareholders, Directors, and Senior Management Personnel (2025 Revision)." The shares sold in this judicial sale cannot be traded within 6 months after the transfer of ownership. Bidders will not be able to reduce their holdings through centralized bidding or block trading within 6 months.
I. Basic Information on the Controlling Shareholder's Judicial Sale of Shares
- Basic Information
On April 29, 2026, and June 4, 2026, the Company disclosed the "Notice of Judicial Auction of Part of the Shares Held by the Controlling Shareholder" (Announcement No. 2026-17) and the "Notice of Second Judicial Auction of Part of the Shares Held by the Controlling Shareholder" (Announcement No. 2026-24) in the Securities Times and on the Juchao Information Network (http://www.cninfo.com.cn). Both auctions failed to achieve a transaction due to no bids within the stipulated time.
Recently, the Company received a "Notice of Sale" from the Shenzhen Intermediate People's Court of Guangdong Province (hereinafter referred to as "Shenzhen Court") (Case No. (2025) Yue 03 Zhi Hui 1181). Starting at 10:00 AM on July 17, 2026, the controlling shareholder, Wuhan Zhongheng New Technology Industrial Group Co., Ltd. (hereinafter referred to as "Wuhan Zhongheng Group") (Securities Account Number: 0800352607), will sell 3,189,894 shares of "Shenghua A" (Stock Code: 000020, freely tradable shares) in 5 batches through the JD.com Judicial Auction Network Platform. The sale price will be the starting price of the second auction, and the sale period will be 60 days. The details are as follows: