Securities Code: 002514
Securities Abbreviation: *ST Baoxin
Announcement Number: 2026-045
Jiangsu Baoxin Technology Co., Ltd.
Announcement on Failed Judicial Auction of Company's Controlling Shareholder's Shares and Second Auction
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or material omissions.
On May 21, 2026, Jiangsu Baoxin Technology Co., Ltd. (hereinafter referred to as the "Company") disclosed the "Notice of Successful Judicial Auction of Part of the Company's Shares Held by the Controlling Shareholder" (Announcement Number: 2026-037). According to the auction results displayed on the Alibaba Judicial Auction Platform, the three auctions resulted in a failure to sell all 11,801,714 shares. The specific details are as follows:
I. Basic Information of the Judicial Auction
| Shareholder Name | Whether controlling shareholder or largest shareholder and concerted parties | Number of shares auctioned (shares) | Proportion of shares held | Proportion of total share capital | Share type | Auction start time | Auction end time | Auctioneer |
|---|---|---|---|---|---|---|---|---|
| Jiangsu Liqing | Yes | 9,000,000 | 4.79% | 1.25% | Restricted shares from initial public offering | June 10, 10:00 | June 11, 10:00 | Jingjiang Municipal People's Court |
| Jiangsu Liqing | Yes | 2,300,000 | 1.23% | 0.32% | Tradable unrestricted shares | June 10, 10:00 | June 11, 10:00 | Jingjiang Municipal People's Court |
| Jiangsu Liqing | Yes | 501,714 | 0.27% | 0.07% | Tradable unrestricted shares | June 10, 10:00 | June 11, 10:00 | Jingjiang Municipal People's Court |
II. Results of the Judicial Auction