Company Code: 300359
Company Short Name: Quanan Education
Announcement Number: 2026-029
Quanan Education Group (Guangdong) Co., Ltd.
Announcement Regarding Proposed Judicial Auction of Part of Controlling Shareholder's Shares
The Company and the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.
Special Risk Warning:
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Quanan Education Group (Guangdong) Co., Ltd. (hereinafter referred to as the "Company") controlling shareholder Nanchang Economic and Technological Development Zone Zhongxuhun Enterprise Management Partnership (Limited Partnership) (hereinafter referred to as "Zhongxuhun" or "Controlling Shareholder") intends to judicially auction 37,566,946 shares of the Company, accounting for 25.92% of the shares held by the controlling shareholder and 5.93% of the Company's total share capital.
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As of the disclosure date of this announcement, Zhongxuhun has not engaged in non-operating fund occupation of the listed company, nor has it provided guarantees that infringe upon the interests of the listed company. Currently, the company's various businesses are proceeding normally. This judicial auction will not directly lead to a change in the company's control, nor will it have a significant impact on the company's governance structure and sustainable operations.
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Bidders in the judicial auction should comply with the relevant provisions of Article 13, Paragraph 1, and Article 15, Paragraph 1 of the "Interim Measures for the Management of Shareholder Reductions of Listed Companies," as well as Article 16, Paragraph (3), and Article 15, Paragraph 2 of the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guide No. 18 - Reduction of Shares by Shareholders, Directors, and Senior Management (2025 Revision)."
I. Basic Situation of the Proposed Judicial Auction of Controlling Shareholder's Shares