Securities Code: 300027
Securities Abbreviation: ST Huayi
Announcement Number: 2026-048
Huayi Brothers Media Corporation
Announcement on Completion of Judicial Auction of Part of Controlling Shareholder's Shares and Equity Change Exceeding 1%
The company's actual controller, Mr. Wang Zhongjun, and Mr. Wang Zhonglei, guarantee that the information provided to this company is true, accurate, and complete, without any false records, misleading statements, or significant omissions.
This company and the entire board of directors guarantee that the content of the announcement is consistent with the information provided by the information disclosure obligors.
Special Risk Warning
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Huayi Brothers Media Corporation (hereinafter referred to as "the Company") controlling shareholder and actual controller, Mr. Wang Zhongjun, held 40,000,000 shares of the Company, which were publicly auctioned on the JD.com judicial auction platform by the Beijing Chaoyang District People's Court from 10:00 on June 22, 2026, to 10:00 on June 23, 2026 (excluding extensions). As of now, the transfer of ownership for the auction of these shares has been completed. This equity change exceeds 1% of the Company's total share capital. Mr. Wang Zhongjun's shareholding proportion decreased from 4.87% to 3.43%, and the shareholding proportion of Mr. Wang Zhongjun and his concerted actor, Mr. Wang Zhonglei, decreased from 6.85% to 5.41%. This equity change will not lead to a change in the Company's controlling shareholder or actual controller. The Company will continue to deeply cultivate the core business development and protect the interests of all shareholders with high-quality development.
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As of the disclosure date of this announcement, the Company's controlling shareholder has no instances of non-operational fund occupation, illegal guarantees, or other actions that infringe upon the Company's interests. Currently, all of the Company's businesses are operating normally, and this judicial auction matter will not have a significant adverse impact on the Company's production and operation or corporate governance. The shareholding of the Company's actual controller and his concerted actors combined accounts for 5.41% of the Company's total share capital, and they remain the largest shareholder of the Company.
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As of the disclosure date of this announcement, the proportion of shares held by the Company's actual controller that have been frozen exceeds 80% of the total shares he holds in the Company. Investors are advised to pay attention to related risks.
I. Overview of the Auction of Shareholder's Shares
The Company disclosed the "Progress Announcement on the Judicial Auction of Part of the Controlling Shareholder's Shares" (Announcement Number: 2026-037) on May 20, 2026. The Company's controlling shareholder and actual controller, Mr. Wang Zhongjun, had 40,000,000 shares of the Company publicly auctioned by the Beijing Chaoyang District People's Court from 10:00 on June 22, 2026, to 10:00 on June 23, 2026 (excluding extensions) on the JD.com judicial auction platform. The Company disclosed the "Progress Announcement on the Judicial Auction of Part of the Controlling Shareholder's Shares" (Announcement Number: 2026-043) on June 23, 2026. The auction of 40,000,000 shares held by Mr. Wang Zhongjun was completed on June 23, 2026.
II. Completion of Registration for Transfer of Shares from Judicial Auction
- Shareholding Change Before and After Registration of Transfer of Shares
Recently, the Company learned through an inquiry with China Securities Depository and Clearing Corporation Limited that the judicial auction of 40,000,000 shares held by the Company's controlling shareholder and actual controller, Mr. Wang Zhongjun, completed the registration of transfer procedures on July 9, 2026. The following table shows the changes in Mr. Wang Zhongjun's shareholding before and after the registration of transfer: