Quantong Education: Indicative announcement that part of the shares held by the controlling shareholder will be judicially auctioned
Securities code: 300359 Securities abbreviation: Quantong Education Announcement number: 2026-036
Quantong Education Group (Guangdong) Co., Ltd.
Indicative announcement that part of the shares held by the controlling shareholder will be auctioned by the judiciary
The company and all members of 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:
A total of 30,248,556 shares of the company held by Nanchang Economic and Technological Development Zone Zhongwen Xushun Enterprise Management Partnership (Limited Partnership) (hereinafter referred to as "Chinese Xushun" or the "controlling shareholder"), the controlling shareholder of Quantong Education Group (Guangdong) Co., Ltd. (hereinafter referred to as the "Company"), will be auctioned by the judiciary, accounting for 20.87% of the total number of company shares held by the controlling shareholder and 4.78% of the company's total share capital.
As of the disclosure date of this announcement, Chinese Xushun has not occupied non-operating funds of listed companies, provided illegal guarantees, or otherwise infringed the interests of listed companies. At present, the company's various businesses are operating 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 ongoing operations.
Judicial auction bidders should comply with the relevant provisions of Article 13, paragraph 1, and Article 15, paragraph 1, of the "Interim Measures for the Management of Share Reductions by Shareholders of Listed Companies", as well as the relevant provisions of Article 16, Item (3), Article 15, Paragraph 2, and other rules of the "Shenzhen Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 18 - Reduction of Shares by Shareholders, Directors, and Senior Managers (Revised in 2025)".
This judicial auction is still in the publicity stage. According to relevant regulations, the court has the right to suspend the auction or withdraw the auction before the auction starts or during the auction. Subsequent steps need to go through bidding, payment, court ruling, equity change and transfer, etc., and may involve failed auctions. There is uncertainty about whether the auction will be completed in the end. The company will continue to pay attention to the progress of this matter and fulfill its information disclosure obligations in accordance with the law. Investors are advised to pay attention to investment risks.
1. Basic information on the proposed auction of shareholders’ shares
Recently, the company received a "Notification Letter" from the controlling shareholder, and learned from the public information on the Internet that the Intermediate People's Court of Zhongshan City, Guangdong Province will hold a hearing from 10 a.m. on October 8, 2026 to 10 a.m. on October 9, 2026. At the end of the day (except for delays), an online judicial auction will be conducted on the 30,248,556 shares of the company held by the controlling shareholder on the Taobao judicial auction network platform (URL: https://sf.taobao.com/0760/03). The specific situation is as follows:
Is it controlled? Is it controlled?
This time he was photographed occupying his share of the company
Shareholders and restricted shares Auction start Auction end Name of auction shareholder Number of shares sold Shares held Total share capital Reason for the same behavior and restricted sales Day Number of people (shares) Ratio Ratio
moving type
Nanchang Economic and Technological Development Zone, Guangdong and Mr. Chen Chi Changshu Development Zone’s shares in Wenxushun Enterprise are controlled by Shanshan City in 2026 and October 2026. Disputes over the transfer of rights
30,248,556 20.87% 4.78% No
Management partnership shareholder October 8th October 9th Intermediate level Fenzhong, Chen Ye (Limited Partnership Mr. Chichang People's Partner) Court Application for execution Total 30,248,556 20.87% 4.78% - - - - -
The judicial auction of part of the company's shares held by the controlling shareholder is still caused by the equity transfer contract dispute between the company's controlling shareholder and Mr. Chen Chichang. Related Matters The company disclosed the "Announcement on the Judicial Freezing of Part of the Controlling Shareholders' Shares" on April 20, 2026 (Announcement No.: 2026-008). On May 25, 2026, the "Announcement on the Progress of Judicial Freezing of Part of the Controlling Shareholders' Shares" was disclosed (Announcement No.: 2026-024). On August 6, 2026, the "Announcement on the Progress of Judicial Freezing of Part of the Controlling Shareholders' Shares" was disclosed (Announcement No.: 2026-026). "Informative Announcement Regarding the Plan to Judicial Auction of Part of the Shares Held by the Controlling Shareholders" disclosed on August 14, 2026 (Announcement No.: 2026-029).
2. Accumulative judicial auction of shareholders’ shares
As of the disclosure date of this announcement, except for the above-mentioned shares to be auctioned, no other shares of the company held by the company's controlling shareholders and persons acting in concert have been auctioned.
3. Other situation descriptions
As of the disclosure date of this announcement, the company’s controlling shareholders and persons acting in concert hold a total of 151,501,154 shares of the company, accounting for 23.92% of the company’s total share capital. If all the shares planned for judicial auction are finally transferred, the total number of company shares held by the company's controlling shareholders and persons acting in concert will be reduced from 151,501,154 shares to 121,252,598 shares, and their proportion of the company's total share capital will be reduced from 23.92% to 19.15%.
The judicial auction of the shares 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 ongoing operations.
This judicial auction is caused by a dispute over the share transfer contract between Zhongwen Xushun and Mr. Chen Chichang. It does not involve a listed company. The company and its controlling shareholder remain independent in terms of assets, business, personnel, institutions, finance, etc. It has not yet had a substantial impact on the company's operation and management. The company's current production and operation activities are normal.
As of the disclosure date of this announcement, Chinese Xushun has not occupied non-operating funds of listed companies, provided illegal guarantees, or otherwise infringed the interests of listed companies.
Judicial auction bidders should comply with the relevant provisions of Article 13, paragraph 1, and Article 15, paragraph 1, of the "Interim Measures for the Management of Share Reductions by Shareholders of Listed Companies", as well as the relevant provisions of Article 16, Item (3), Article 15, Paragraph 2, and other rules of the "Shenzhen Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 18 - Reduction of Shares by Shareholders, Directors, and Senior Managers (Revised in 2025)".
This judicial auction is still in the publicity stage. According to relevant regulations, the court has the right to suspend the auction or withdraw the auction before the auction starts or during the auction. Subsequent steps need to go through bidding, payment, court ruling, equity change and transfer, etc., and may involve failed auctions. There is uncertainty about whether the auction will be completed in the end. The company will continue to pay attention to the progress of this matter and fulfill its information disclosure obligations in accordance with the law. Investors are advised to pay attention to investment risks.
The company will promptly perform its information disclosure obligations in strict accordance with the requirements of relevant laws, regulations and normative documents. The newspapers and websites designated by the company for information disclosure are China Securities Journal and Juchao Information Network (http://www.cninfo.com.cn). Relevant information shall be subject to the announcements published by the company in the above designated media. Investors are kindly requested to pay attention to investment risks.
4. Documents for reference
"Notification Letter" issued by Chinese Xushun;
"Auction Announcement" of the Intermediate People's Court of Zhongshan City, Guangdong Province;
Other documents required by Shenzhen Stock Exchange.
Announcement is hereby made.
Board of Directors of Quantong Education Group (Guangdong) Co., Ltd.
September 7, 2026