HULUWA(SH:605199) Shang Hai Zheng Quan Bao·2026-01-20 18:11Core Viewpoint - The announcement details the judicial auction of 23,900,000 shares held by the controlling shareholder, Hainan Huluwa Investment Development Co., Ltd., which represents 14.30% of its holdings and 5.97% of the company's total share capital [2][3]. Group 1: Auction Details - The shares will be auctioned by the Haikou Intermediate People's Court on the Taobao judicial auction platform from February 27, 2026, 10:00 AM to February 28, 2026, 10:00 AM [2][3]. - The auctioned shares have been fully pledged and are currently frozen [2][3]. Group 2: Shareholder Information - As of the announcement date, Hainan Huluwa Investment holds a total of 167,079,000 shares, accounting for 41.76% of the company's total share capital, with 97,200,000 shares pledged, representing 58.18% of its holdings [6]. - If the auction is successful, Hainan Huluwa Investment's shareholding will decrease to 143,179,000 shares, reducing its ownership percentage to 35.79% [6]. Group 3: Impact on Company Control - The auction will not result in a change of control for the company, nor will it significantly impact the company's daily operations [2][6]. - The buyer of the auctioned shares will be restricted from selling them for six months following the acquisition [2][7].