Fudan Fuhua: Shareholders holding more than 5% of the shares will be auctioned off by the court, with a total of 69.20 million shares.

Fudan Fuhua announced that the 69,202,880 shares of the company held by ShangKe Technology, a non-controlling shareholder with more than 5% stake, will be auctioned by the court, accounting for 99.9947% of its holdings and 10.1867% of the total share capital of the company. All shares held by ShangKe Technology have been frozen. The auction will be held on JD Judicial Auction Platform on November 15, 2025, with the initial auction time from 10:00 on December 16 to 10:00 on December 17. The auction will not lead to a change in the company's control rights or affect daily operations. The outcome of the auction is uncertain, and the company will monitor the progress.