Announcement on Judicial Auction of Subsidiary Equity and Litigation Progress

Caissa Tosun Development Co., Ltd.·July 7, 2026·2 pages

✨ AI Summary

This announcement details the upcoming judicial auction of 71,999,000 shares of Hainan Air Travel Drinks Co., Ltd., held by subsidiary Seajoy Beverage, due to a debt dispute. The auction is scheduled for August 3-4, 2026, with an estimated value of RMB 38,906,800. The final impact on the company's profits remains uncertain pending the auction's outcome.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· gemini_document

Securities Code: 000796

Securities Abbreviation: Kaisar Tourism

Announcement No.: 2026-049

Kaisar Tourism Group Co., Ltd.

Announcement on Judicial Auction of Subsidiary Equity and Litigation Progress

The Company and the Board of Directors guarantee the authenticity, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or major omissions.

Special Reminder:

Litigation Stage: Execution
Party Status of Listed Company's Subsidiary: Obligor
This judicial auction matter is currently in the announcement phase. According to relevant regulations, the court has the right to suspend or withdraw the auction before or during the auction. Subsequent steps may involve bidding, payment, and share transfer, and there is a possibility of the auction failing. The completion of the auction and its outcome are still uncertain. The specific impact of this auction on the company's current or future profits needs to be determined based on the auction transaction price and subsequent equity transfer.

I. Basic Situation of the Litigation

Free accounts get 10 full releases per month. Pro subscribers get unlimited access.