Indicative Announcement on Judicial Auction of Shares of Shareholders Holding More Than 5% of the Shares
Securities code: 600624 Securities abbreviation: ST Fuhua Announcement number: Lin 2026-026
Shanghai Fudan Fuhua Technology Co., Ltd.
Regarding the judicial auction of more than 5% of shareholders’ shares
Indicative Announcements
The company's board of directors and all directors guarantee that the contents of this announcement do not contain any false records, misleading statements or major omissions, and assume legal responsibility for the authenticity, accuracy and completeness of its contents.
Important content reminder:
●As of the disclosure date of this announcement, Shanghai Shangke Technology Investment Co., Ltd. (hereinafter referred to as "Shangke Technology") is a non-controlling shareholder holding more than 5% of the shares of Shanghai Fudan Fuhua Technology Co., Ltd. (hereinafter referred to as the "Company"). Shangke Technology holds a total of 69,206,536 shares of the company, accounting for 10.1872% of the company's total share capital; Shangke Technology's cumulative number of frozen shares is 69,206,536 shares, accounting for 100% of the total number of company shares it holds, accounting for 10.1872% of the company's total share capital. The shares that will be auctioned this time are 7,800,000 company shares held by Shangke Technology, accounting for 11.2706% of its shares and 1.1482% of the company's total share capital.
●The time of this judicial auction has not yet been determined. The company will pay close attention to the progress of this matter and perform its information disclosure obligations in a timely manner.
●Shangke Technology is not the company’s controlling shareholder or actual controller. The judicial auction of its company shares will not result in a change in the company’s control, nor will it affect the company’s daily operations and management.
The company recently received a "Notification Letter" from the administrator of Shanghai Shangke Technology Investment Co., Ltd. (hereinafter referred to as the "Manager"). The administrator will conduct a public auction of 7,800,000 ordinary shares of the company held by Shangke Technology on the JD.com auction bankruptcy liquidation platform. The company will pay close attention to the progress of this matter and fulfill its information disclosure obligations in a timely manner. The specific situation is as follows:
1. Main contents of "Notification Letter"
The Shanghai No. 3 Intermediate People's Court (hereinafter referred to as the "No. 3 Intermediate Court") issued the (2025) Shanghai No. 03 Po 274 Civil Ruling on April 2, 2025, ruling to accept Shanghai Haibang Asset Management Co., Ltd.'s application for bankruptcy liquidation of Shanghai Science and Technology, and on April 3, 2025, it designated Daxin Accounting Firm (Special General Partnership) Shanghai Free Trade Zone Branch as the administrator.
The administrator will dispose of 7,800,000 ordinary shares of the company held by Shangge Technology through public auction on the JD.com bankruptcy and liquidation platform in accordance with the law.
2. Basic situation of shareholders’ shares to be auctioned
Is it a controlling shareholder? Will this be auctioned?
Share of its holdings of the company's total The name of the auction shareholder or the number of shares of the largest shareholder is limited to the auctioneer
Share ratio Share capital ratio Reasons and persons acting in concert (shares) Share sales
Daxin Accountants
Office (Special
Judiciary Shangke Technology No 7,800,000 11.2706% 1.1482% No General partnership)
Auction sea free trade trial
branch office
3. Basic situation of cumulative judicial auctions of shareholders’ shares
As of the disclosure date of this announcement, except for the above-mentioned shares that will be auctioned by judicial auctions, the company's shares held by Shanghai Science and Technology have not been auctioned in other circumstances.
4. Other situation descriptions and risk warnings
As of the disclosure date of this announcement, Shangke Technology holds a total of 69,206,536 shares of the company, accounting for 10.1872% of the company's total share capital; the cumulative number of frozen shares of Shangke Technology is 69,206,536 shares, accounting for 100% of the total number of company shares held by it, accounting for 10.1872% of the company's total share capital. The shares that will be auctioned this time are 7,800,000 shares of the company held by Shangke Technology, accounting for 11.2706% of its shares and 1.1482% of the company's total share capital.
The time of this judicial auction has not yet been determined. The company will pay close attention to the progress of this matter and perform its information disclosure obligations in a timely manner.
Shangke Technology is not the company’s controlling shareholder or actual controller, and the judicial auction of its company shares will not result in a change in the company’s control, nor will it affect the company’s daily operations and management. The company's designated information disclosure media are the Shanghai Securities News and the Shanghai Stock Exchange website (www.sse.com.cn). Information about the company shall be subject to the announcements published by the company in the above designated media. Investors are kindly requested to invest rationally and pay attention to investment risks.
Announcement is hereby made.
Board of Directors of Shanghai Fudan Fuhua Technology Co., Ltd.
July 31, 2026