DCWT (03768) holding parent company's 58 million shares were judicially auctioned with a transaction price of 28.0888 million yuan.

DCWT (03768) has issued an announcement regarding the 58 million shares (approximately 5.64% of the total shares of the company) held by its controlling shareholder Kunming Dianchi Investment, which will be auctioned judicially from 15:00 on June 15, 2026 to 15:00 on June 16, 2026 (excluding automatic extension due to bidding). According to the information shown in the auction platform's "Transaction Confirmation Letter," in the online auction bidding results, the user named Kunming Water Group Co., Ltd. won the bid with the highest offer in the public bidding process, and the online auction transaction price for the subject matter is RMB 28,088,800. Users who successfully bid in the online auction must pay the remaining balance of the online auction transaction for the subject matter and complete the relevant procedures in accordance with the "Bidding Notice" and "Bidding Announcement" of the subject matter. The final subject matter shall be subject to the auction transaction ruling issued by the Sichuan Free Trade Zone People's Court. Based on all reasonable inquiries made by the directors and their deep understanding and certainty, as of the date of this announcement, Kunming Water Group Co., Ltd. has its 100% equity held by the State-owned Assets Supervision and Administration Commission of the Kunming Municipal People's Government, and does not hold any shares in the company or its subsidiaries. After the auction transaction of the subject matter is ruled by the Sichuan Free Trade Zone People's Court, Kunming Water Group Co., Ltd. will not become a major shareholder of the company. As of the date of this announcement, Kunming Dianchi Investment holds 420.9 million domestic shares of the company (approximately 43.42% of the total shares of the company), all of which are pledged/frozen judicially. If the Sichuan Free Trade Zone People's Court rules that the auction of the subject matter is successful, the number of shares held by Kunming Dianchi Investment in the company will decrease to 389 million shares (approximately 37.79% of the total shares of the company).