002596SZSE
🚨 Material Event

Announcement on Progress of Judicial Auction of Part of Shares Held by Actual Controller

Hainan Ruize Co., Ltd.··3 pages

✨ AI Summary

Hainan Ruize announced the results of a judicial auction of 29,557,600 shares held by its actual controller, Zhang Hailin. The shares were sold for RMB 77,278,346 to Hangzhou Chongsong Investment Partnership. This auction represents 2.58% of the company's total share capital. The actual controller's stake will decrease to 25.38%, but control is not expected to change.

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Full Translation

AI Translation· gemini_document

Securities Code: 002596

Securities Abbreviation: Hainan Ruize

Announcement No.: 2026-056

Hainan Ruize New Material Co., Ltd.

Announcement on Progress of Judicial Auction of Part of Shares Held by Actual Controller

The Company and the entire Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.

On June 18, 2026, Hainan Ruize New Material Co., Ltd. (hereinafter referred to as "Hainan Ruize" or "the Company") disclosed the "Notice on the Proposed Judicial Auction of Part of the Shares Held by the Company's Actual Controller" (Announcement No.: 2026-042). The Guangzhou Intermediate People's Court of Guangdong Province held a public auction on the Taobao Network Judicial Auction platform from 14:00 on July 21, 2026, to 14:00 on July 22, 2026 (excluding extensions). The auction was for 29,557,600 shares of Hainan Ruize held by the Company's actual controller, Mr. Zhang Hailin. The results of this judicial auction are hereby announced as follows:

I. Results of This Judicial Auction

According to the "Confirmation of Successful Online Bidding" disclosed on the Taobao Network Judicial Auction platform, the user named Hangzhou Chongsong Investment Partnership (Limited Partnership) won the bid through bidder number P5908 on July 22, 2026, on the Ali Asset platform for the public auction of "Hainan Ruize New Material Co., Ltd. (Securities Abbreviation: Hainan Ruize, Securities Code: 002596, Share Nature: Tradable Shares) 29,557,600 shares (including corresponding dividends)". The online auction transaction price was RMB 77,278,346.

The user who successfully bid in the online auction must, in accordance with the requirements of the "Bidder's Notice" and "Auction Announcement" for the auctioned item, pay the remaining auction payment and complete the relevant procedures on time. The final transaction of the auctioned item shall be subject to the auction confirmation ruling issued by the Guangzhou Intermediate People's Court of Guangdong Province.

II. Cumulative Judicial Auction of Shareholder Shares

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