Chongqing Sansheng Industrial Co., Ltd. Notice on the Judicial Auction of Certain Shares Held by Shareholders

MaticHoleFiller · 2026-03-25T02:38:35+00:00

Chongqing Sansheng Industrial Co., Ltd. announced that shareholder Pan Xianwen will have 600,000 shares, representing 0.0878% of the total share capital, auctioned through judicial proceedings. The auction will take place from March 31 to April 1, 2026, and again from April 20 to 21, 2026. The outcome of the auction is uncertain, but it will not have a significant impact on the company's operations. The company will continue to monitor the progress of the auction and disclose relevant information in a timely manner.

MaticHoleFiller

2026-03-25 02:38:35

Abstract generation in progress

Stock Code: 002742 Stock Abbreviation: *ST Sansheng Announcement No.: 2026-23

Chongqing Sansheng Industrial Co., Ltd.

Notice on the Judicial Auction of Some Shares Held by Shareholders

Our company and all members of the board of directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or major omissions.

Special Reminder:

The subject of this judicial disposal is 600,000 shares held by shareholder Mr. Pan Xianwen of Chongqing Sansheng Industrial Co., Ltd. (hereinafter referred to as “the Company”), accounting for 0.0878% of the total share capital. This judicial auction will not significantly affect the company’s normal production and operations.
Since this partial share auction by a shareholder is still in the public notice stage, according to relevant regulations, the court has the right to suspend or withdraw the auction before or during the auction process. Subsequent steps may involve bidding, payment, share transfer, and registration, and the auction outcome is uncertain.
Basic Information on the Shareholder’s Shares Being Auctioned

The company has learned from online public information that the People’s Court of Qijiang District, Chongqing, will conduct public auctions on the Jingdong Judicial Auction Platform at the following times:

From 10:00 on March 31, 2026, to 10:00 on April 1, 2026 (24 hours, excluding extensions)
From 10:00 on April 20, 2026, to 10:00 on April 21, 2026 (24 hours, excluding extensions)

Details are as follows:

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On March 6, 2026, the company disclosed the “Notice on the Judicial Auction of Some Shares Held by Shareholders” (Announcement No.: 2026-19). After communication with the People’s Court of Qijiang District, Chongqing, and based on the “Enforcement Ruling” (2025) Yu 0110 Zhi Hui 929, the judicial enforcement target is 37,554,132 shares held by Mr. Pan Xianwen. Among these, from 10:00 on March 12, 2026, to 10:00 on March 14, 2026, on the Jingdong Judicial Auction Platform, 36,954,132 shares have been auctioned. The remaining 600,000 shares are subject to this judicial disposal.

Cumulative Frozen and Auctioned Shares of the Shareholder

As of the date of this announcement, Mr. Pan Xianwen holds 71,854,232 shares of the company, accounting for 10.5034% of the total share capital. All of these shares have been judicially frozen, representing 100% of his holdings, and a total of 134,965,443 shares have been auctioned.

Other Risk Warnings
Since this partial share auction by a shareholder is still in the public notice stage, according to relevant regulations, the court has the right to suspend or withdraw the auction before or during the process. The subsequent steps may include bidding, payment, share transfer, and registration, and the outcome is uncertain.
If this judicial auction is finally successful, after completing the above procedures, shareholder Mr. Pan Xianwen will passively reduce his holdings in the company, and his shareholding ratio will decrease. This auction will not significantly impact the company’s governance structure or ongoing operations.
The transferee of this judicial auction must comply with the “Interim Measures for the Management of Share Reduction by Shareholders of Listed Companies,” “Guidelines for Self-Regulation of Listed Companies on the Shenzhen Stock Exchange No. 18—Shareholder and Senior Management Share Reduction,” and other relevant regulations.
The company will continue to monitor the progress of this auction and fulfill its information disclosure obligations in a timely manner according to relevant regulations. All information disclosed by the company is based on published information in designated media. Investors are advised to be aware of investment risks.

This announcement is hereby made.

Board of Directors of Chongqing Sansheng Industrial Co., Ltd.

March 23, 2026

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