Announcement Regarding Judicial Auction of Shares Held by Shenzhen Shangheng Guantong Investment Enterprise (Limited Partnership)

Xindazhou A Co., Ltd.·July 28, 2026·2 pages

✨ AI Summary

This announcement informs shareholders that Shenzhen Shangheng Guantong Investment Enterprise (Limited Partnership), a major shareholder, will have 44,738,922 shares of the company auctioned judicially due to a contract dispute. The auction is a second attempt, with the starting price set at 80% of the initial auction. The company states this will not affect its control or operations.

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Full Translation

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New Continent Holdings Co., Ltd.

Announcement Regarding Judicial Auction of Shares Held by Shenzhen Shangheng Guantong Investment Enterprise (Limited Partnership)

The Company and the entire board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or major omissions.

On July 28, 2026, New Continent Holdings Co., Ltd. (hereinafter referred to as "the Company") received a "Notice" ((2026) Yue 03 Enforcement No. 203-1) from the Intermediate People's Court of Shenzhen City, Guangdong Province (hereinafter referred to as "the Court"). It was learned that Shenzhen Shangheng Guantong Investment Enterprise (Limited Partnership) (hereinafter referred to as "Shangheng Guantong"), a shareholder holding more than 5% of the Company's shares, will have its shares judicially auctioned. The details are as follows:

I. Basic Situation of Shares to be Auctioned by Shareholder

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