300367SZSE

Progress Announcement on Judicial Auction of Shares Held by Shareholders with Over 5% Stake

Netpower Technology Co., Ltd.·June 10, 2022·2 pages

✨ AI Summary

This announcement informs investors about the judicial auction of shares held by major shareholders Liu Guang and Jiang Zongwen. Liu Guang's 12,145,837 shares (12.70% of his holdings, 1.02% of total shares) and Jiang Zongwen's 36,411,682 shares (57.32% of his holdings, 3.05% of total shares) were scheduled for auction. However, the auction ended without any bidders. The company will continue to monitor the situation and fulfill its disclosure obligations.

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Full Translation

AI Translation· azure_openai

Special Reminder:

The shares to be auctioned are:

(1) 12,145,837 unrestricted circulating shares held by Liu Guang, the company's former controlling shareholder and actual controller, accounting for 12.70% of his holdings and 1.02% of the total shares of the company;

(2) 36,411,682 unrestricted circulating shares held by Jiang Zongwen, a shareholder with over 5% stake, accounting for 57.32% of his holdings and 3.05% of the total shares of the company. Investors are advised to pay attention to investment risks.

As of the date of this announcement, the auction has failed to attract any bidders. The company will closely monitor the progress of the above matters and fulfill its information disclosure obligations in a timely manner.

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