Announcement on the Judicial Auction Failure of Shares Held by the Company's Controlling Shareholder and Second Auction Notice

Jiangsu Boamax Technologies Group Co., Ltd.·June 1, 2026·3 pages

✨ AI Summary

Jiangsu Baoxin Technology Co., Ltd. announced that 4,000,000 shares offered for judicial auction by its controlling shareholder failed to sell. The shares represent 2.13% of the shareholder's holdings and 0.56% of the company's total equity. A second auction is scheduled for June 18-19, 2026. The company will continue to monitor the situation and fulfill its disclosure obligations.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· azure_openai

Securities Code: 002514
Securities Abbreviation: *ST Baoxin
Announcement Number: 2026-043

Jiangsu Baoxin Technology Co., Ltd. announces that the company and all members of the board guarantee that the information disclosed is true, accurate, complete, and does not contain false records, misleading statements, or major omissions.

On May 21, 2026, Jiangsu Baoxin Technology Co., Ltd. (hereinafter referred to as "the Company") disclosed the "Notice on the Judicial Auction Results of Shares Held by the Company's Controlling Shareholder" (Announcement Number: 2026-037). According to the results displayed on the Alibaba Judicial Auction Platform, all 4,000,000 shares offered for auction failed to sell. The specific situation is as follows:

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