Stock Code: 002102 Stock Abbreviation: ST Nengte Announcement No.: 2026-056
Hubei Nengte Technology Co., Ltd.
Progress Announcement Regarding the Judicial Freezing of Certain Shares in the Company's Dedicated Securities Repurchase Account
I. Basic Information on the Judicial Freezing of Shares in the Company's Dedicated Repurchase Account
Hubei Nengte Technology Co., Ltd. (hereinafter referred to as the "Company") disclosed the "Announcement Regarding the Judicial Freezing of Certain Shares in the Company's Dedicated Securities Repurchase Account" (Announcement No.: 2026-054) on July 3, 2026. The main content is as follows: As of June 30, 2026, the Company had cumulatively repurchased 89,082,045 shares through centralized bidding in its dedicated securities repurchase account. Of these, 34,270,000 shares were judicially frozen by the Quanzhou Intermediate People's Court of Fujian Province (hereinafter referred to as "Quanzhou Intermediate Court"), with a freezing period from July 1, 2026, to June 29, 2029.
II. Reasons for the Judicial Freezing of Shares in the Company's Dedicated Repurchase Account
Upon inquiry with the Quanzhou Intermediate Court, the Company learned that the freezing of the shares in the dedicated repurchase account was caused by litigation between the Company and Jiangsu Yingshi Internet Information Technology Co., Ltd. (hereinafter referred to as "Yingshi Company"). The Quanzhou Intermediate Court took judicial freezing measures in accordance with the (2025) Min 05 Zhi No. 739 "Execution Ruling." The main circumstances of the aforementioned litigation are as follows:
On March 29, 2018, Yingshi Company (Party A) and Fujian Tongfu Industrial Co., Ltd. (hereinafter referred to as "Tongfu Company") (Party B), which was controlled by the Company's former controlling shareholder, the Lin family, signed the "Platform Cooperation Agreement" and "Supplementary Agreement to the Platform Cooperation Agreement." These agreements stipulated that Party A would provide information services to Party B, and Party B would display its financial products on Party A's platform and accept user purchases or investments.