Huaying Agriculture Shareholders Acting in Concert Have 8.617 Million Shares Subject to Judicial Enforcement; Combined Shareholding Ratio Drops to 16.01%

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Henan Huaying Agricultural Development Co., Ltd. (Stock Code: 002321, Stock Abbreviation: Huaying Agriculture) announced on March 19 that the company’s shareholder holding more than 5%, Henan Guangzhou Chenyue Industrial Co., Ltd. (referred to as “Guangzhou Chenyue”)’s concerted action, Huangchuan County Development Investment Co., Ltd. (referred to as “Huangchuan Fatuo”), has completed the passive reduction of 8,617,023 shares through judicial enforcement, accounting for 0.40% of the company’s total share capital. After this reduction, Guangzhou Chenyue and its concerted action’s shareholding ratio decreased from 16.42% to 16.01%.

The announcement shows that the shares subject to judicial enforcement held by Huangchuan Fatuo were frozen due to contract disputes. According to Huangchuan Fatuo’s letter, without receiving any formal legal notice of enforcement from Beijing Financial Court, the 8,617,023 shares held were assisted by a custodial broker to complete judicial enforcement through centralized bidding trading from March 17 to 18, 2026, at an average transaction price of 2.40 yuan per share.

Before and after this judicial enforcement, the shareholding situation of Guangzhou Chenyue and its concerted action is as follows:

Shareholder Name Share Type Shares Held Before Change Shares Held After Change
Huangchuan Fatuo Total Shares Held 8,617,023 0
Unrestricted Shares 8,617,023 0
Restricted Shares 0 0
Guangzhou Chenyue Total Shares Held 341,519,859 341,519,859
Unrestricted Shares 341,519,859 341,519,859
Restricted Shares 0 0

Note: The 15,233,333 shares held by Guangzhou Chenyue have been auctioned but not yet transferred.

Huaying Agriculture stated that this judicial enforcement will not affect the company’s daily production and operation, nor will it lead to a change in the company’s actual control. The company also reminds investors that as of the date of this announcement, part of Guangzhou Chenyue’s shares are still at risk of being subject to judicial disposal or enforcement. The company will closely monitor subsequent developments and urge relevant parties to fulfill their disclosure obligations.

Click to view the original announcement >>

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Editor: Xiao Lang Kuai Bao

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