HAINAN HAIYAO: Shares of shareholders holding more than 5% will be subject to judicial auction

Hainan Haiyao announced that 130,825,900 shares pledged by its shareholder, Southern Tongzheng, who holds more than 5% of the shares, will be auctioned off, accounting for 98.11% of their total holdings in the company and 10.08% of the company's total share capital. Among them, 123,825,900 shares will be auctioned in the second round on October 15-16, 2025, and 7,000,000 shares will be auctioned in the first round on November 6-7, 2025. If all are successful, Southern Tongzheng's holdings will decrease to 2,520,418 shares, accounting for 0.19%. Southern Tongzheng is not the controlling shareholder or actual controller, and the auction will not affect the company's control and operations. It is currently in the public announcement stage, and the results are uncertain. The company will continue to disclose progress