Wanma Technology: 5% stakeholder Yan Nan's 2.78 million shares will be judicially auctioned.

Announcement from Wanma Technology: Mr. Yan Nan, a 5% shareholder of the company, will be auctioning off 2.78 million shares of the company on JD.com from March 6, 2026 to March 7, 2026. This represents 41.49% of his shareholding and 2.07% of the total share capital of the company. This auction is for pledged shares. If the auction is successful and the shares are transferred, Mr. Yan's holding will decrease from 6.7 million shares to 3.92 million shares, and his shareholding percentage will decrease from 5.00% to 2.93%, no longer making him a shareholder with over 5% ownership in the company. This judicial auction is currently in the announcement stage, and further steps such as bidding, payment, court rulings, and share transfer are needed. The completion of the auction is uncertain.