Securities Code: 002575 Securities Abbreviation: Qunxing Toys Announcement Number: 2026-021 Guangdong Qunxing Toys Co., Ltd. Announcement on the Second Judicial Auction of Part of the Shares of the First Largest Shareholder The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false records, misleading statements, or material omissions. Special Reminder:
- The subject of the second judicial auction this time is 32,000,000 shares of the Company held by Shenzhen Xinghe Data Technology Co., Ltd. (hereinafter referred to as "Shenzhen Xinghe"), the first largest shareholder of Guangdong Qunxing Toys Co., Ltd. (hereinafter referred to as the "Company"). This accounts for 63.40% of its total holdings and 5.19% of the Company's current total share capital.
- The auction is currently in the public announcement phase, and subsequent stages may involve bidding, failed bidding, payment, and equity transfer. The success of the auction is uncertain. If the auction is successful, the Company's largest shareholder, Shenzhen Xinghe, faces the risk of a passive reduction in its holdings of 32,000,000 shares, which may lead to a change in the largest shareholder.
- The Shenzhen Longgang District People's Court of Guangdong Province conducted a second judicial auction of 1,400,000 shares of the Company held by Shenzhen Xinghe, the Company's largest shareholder, from 10:00 on June 8, 2026, to 10:00 on June 9, 2026 (excluding extensions). If this auction is ultimately successful and the transfer registration is completed, Shenzhen Xinghe's shareholding ratio will be passively reduced.
- The Company's current business operations are normal, and this matter has not had a significant impact on the Company's normal business activities. On April 15, 2026, the Company disclosed on the Juchao Information Network (www.cninfo.com.cn) the "Announcement on the Proposed Judicial Auction of Part of the Shares of the First Largest Shareholder" (Announcement No.: 2026-003). On May 18, May 20, May 22, and May 26, 2026, the Company disclosed the "Progress