Jiangsu Baoxin Technology Co., Ltd.
Announcement on the Failed Judicial Auction of Part of the Company's Shares Held by the Controlling Shareholder
The Company and all members of the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Jiangsu Baoxin Technology Co., Ltd. (hereinafter referred to as the "Company") announced that 4 million shares of the Company held by its controlling shareholder, Jiangsu Liqing Integrated Circuit Technology Co., Ltd. (hereinafter referred to as "Jiangsu Liqing"), which were restricted from sale after the initial public offering, were recently judicially auctioned by the People's Court of Pengjiang District, Jiangmen City. The auction failed.
I. Basic Information on the Auctioned Shares Held by the Shareholder
The shares of the Company held by the controlling shareholder Jiangsu Liqing, totaling 4 million shares from the initial public offering restricted shares, were auctioned on the Taobao Judicial Auction Network Platform (Ali Auction) from 10:00 on August 11, 2026, to 10:00 on August 12, 2026 (excluding any extension). The auction failed. The specific situation is as follows: