The company and all members of the board guarantee that the content of this announcement is true, accurate, and complete, and that there are no false records, misleading statements, or significant omissions.
Shenzhen Kaired Holdings Co., Ltd. (hereinafter referred to as "the Company") received the execution ruling documents (2021) Lu 01 Zhi 1930 No. 2 and (2021) Lu 01 Zhi 1931 No. 2 from Mr. Zhang Zhendong, a shareholder holding over 5% of the shares, on October 14, 2021, and learned that his shares in the Company will be judicially auctioned. Additionally, the Company found two judicial auction announcements related to the above case on the Taobao judicial auction platform, noting that the Jinan Intermediate People's Court in Shandong Province will conduct a public auction of Mr. Zhang Zhendong's shares, totaling 14,487,000 shares, from 10:00 on November 15, 2021, to 10:00 on November 16, 2021 (subject to extension). The specific details are as follows: