Securities Code: 002596 Securities Abbreviation: Hainan Ruize Announcement Number: 2026-046
Hainan Ruize New Material Co., Ltd. Announcement Regarding Proposed Judicial Auction of Part of the Company's Actual Controller's Shares
The Company and the entire Board of Directors guarantee that the information disclosed is true, accurate, complete, and free from false records, misleading statements, or significant omissions.
Key Information Highlights:
- The subject of the proposed judicial auction is 45,895,900 unrestricted tradable shares held by the Company's actual controller, Mr. Zhang Yilin. This represents 86.19% of his total holdings in the Company and 4.00% of the Company's total share capital. These shares are currently frozen and subject to successive freezing orders.
- This judicial auction will not have a significant impact on the Company's daily production and operations, nor does it involve a change in the Company's control.
- Bidders in this judicial auction must comply with the relevant provisions of Article 13, Paragraph 1, and Article 15, Paragraph 1 of the "Interim Measures for the Management of Share Reductions by Listed Company Shareholders," as well as Article 16, Paragraph (III), and Article 15, Paragraph 2 of the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 18 - Share Reductions by Shareholders, Directors, and Senior Management (2025 Revision)." The auctioned shares cannot be traded for six months after the transfer of ownership. Bidders will not be able to reduce their holdings through centralized bidding or block trading within six months.
- This auction is in the public display phase, and the outcome is uncertain. The Company will continue to monitor the progress of this matter and fulfill its information disclosure obligations in a timely manner. Investors are advised to be aware of investment risks.
On June 22, 2026, the Company received the "Auction Announcement (First)" (Case No. [2025] Yue 01 Zhi Hui 596) issued by the Guangzhou Intermediate People's Court of Guangdong Province, forwarded by the actual controller, Mr. Zhang Yilin. The Company also learned through the "Taobao Network Judicial Auction Platform" that 45,895,900 shares of Hainan Ruize held by Mr. Zhang Yilin will be publicly auctioned by the Guangzhou Intermediate People's Court of Guangdong Province. The auction time is from 14:00 on July 23, 2026, to 14:00 on July 24, 2026 (excluding extensions). The auction platform is the Taobao Network Judicial Auction Platform (URL: http://sf.taobao.com/). The specific details are as follows: