Securities Code: 000820
Securities Abbreviation: Shenwu Energy
Announcement No.: 2026-057
Shenwu Energy Co., Ltd.
Announcement Regarding the Second Judicial Auction of Part of the Shares Held by a Shareholder Exceeding 5%
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, without any false representations, misleading statements, or material omissions.
Special Risk Warning:
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The shares to be judicially auctioned originate from shares issued by Shenwu Energy Co., Ltd. (hereinafter referred to as "Shenwu Group"), a shareholder holding more than 5% of the shares, during the major asset restructuring in 2016. The number of shares is 33 million, and their nature is restricted shares. As Shenwu Group made performance compensation commitments during the major asset restructuring that have not yet been fully fulfilled, if the auction is completed, the buyer shall undertake the corresponding performance compensation commitment obligations in proportion to the shares they hold. Investors are urged to make cautious decisions and be aware of investment risks.
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The shares to be judicially auctioned have been judicially frozen and are awaiting further freezing.
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The judicial auction of these 33 million restricted shares is currently in the public announcement phase, and the auction results are uncertain. The Company will closely monitor the subsequent progress of the auction matters and fulfill its information disclosure obligations in a timely manner. All information of the Company shall be subject to the information disclosed in the designated information disclosure media, "China Securities Journal" and the Juchao Information Network. Investors are urged to make cautious decisions and be aware of investment risks.
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Bidders in the judicial auction shall comply with the relevant provisions of Article 13, Paragraph 1, and Article 15, Paragraph 1 of the "Interim Measures for the Management of Shareholder Reductions of Listed Companies," as well as 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 (2025 Revision)" and other relevant rules.
I. Basic Information on Shareholder Share Auction
Which of the following situations applies to the shares held by the shareholder and their concerted parties:
□ Share Pledge □ Share Freeze ☑ Share Auction
(I) Basic Situation of Share Freeze or Auction of Shareholder's Shares
- Basic Situation of Share Freeze or Auction of Shares
| Shareholder Name | Whether it is a Controlling Shareholder or the Largest Shareholder and their Concerted Parties | Number of Shares Frozen/Marked/Auctioned (shares) | Proportion of Shares Held by Them (%) | Proportion of Total Share Capital (%) | Whether Restricted Shares and Type of Restriction | Start Date of Freeze | Expiry Date | Applicant/Auctioneer | Reason |
|---|---|---|---|---|---|---|---|---|---|
| Shenwu Group | No | 33,000,000 | 45.45% | 5.10% | Post-IPO Restricted Shares | August 24, 2026 | August 25, 2026 | Beijing First Intermediate People's Court | - |
| Total | 33,000,000 | 45.45% | 5.10% |