Xinhao Optoelectronics: The plan for judicial auction of shares held by shareholders owning more than 5% of the company's stocks has been cancelled.

Singao Optoelectronics announced that the planned public auction of 1.47 million shares held by the shareholder Liang Guohao, who holds more than 5% of the company's shares, originally scheduled to be held on the Taobao judicial auction network platform of Baoan District People's Court in Shenzhen from 10:00 on July 2 to 10:00 on July 3, has been withdrawn recently. As of the date of the announcement, Liang Guohao holds 16.0493 million shares of the company, accounting for 5.65% of the total share capital, all of which are pledged, frozen, and awaiting freezing. This withdrawal will not result in any changes in the company's largest shareholder and will not affect its production and operation.