The stock code: 000639
The stock abbreviation: ST Xiwang
Announcement number: 2026-028
Xiwang Food Co., Ltd. announces the judicial sale of shares held by its controlling shareholder. The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Special Reminder:
- Xiwang Food Co., Ltd. (hereinafter referred to as "the Company") announces that the shares held by its controlling shareholder, Xiwang Group Co., Ltd. (hereinafter referred to as "Xiwang Group"), totaling 200,065,333 shares, which account for 99.01% of its total holdings and 18.53% of the Company's total share capital, will be judicially sold. If the sale is successful, it may lead to a change in the Company's control. Investors are advised to make prudent decisions and be aware of investment risks.
- The judicial sale of shares by the controlling shareholder is currently in the public announcement stage, and the outcome remains uncertain. The Company will closely monitor the subsequent developments and fulfill its information disclosure obligations in a timely manner.
- The sale of shares held by the controlling shareholder will not have a significant adverse impact on the Company's production and operations.
Basic Information on the Sale:
| Shareholder Name | Is Controlling Shareholder or Largest Shareholder | Number of Shares to be Sold | Percentage of Shares Held | Percentage of Total Share Capital | Is it Restricted Stock and Type | Reason for Sale |
|---|---|---|---|---|---|---|
| Xiwang Group | Yes | 200,065,333 | 99.01% | 18.53% | No | Judicial Sale |