Wanma Technology Co Ltd

Wanma Technology Co., Ltd. announced that 100,000 shares held by shareholder Yan Nan, representing 0.07% of the company's total share capital, will be publicly auctioned on the Taobao judicial auction platform by the Lin'an District People's Court of Hangzhou, Zhejiang Province, from 10 a.m. on September 15, 2026, to 10 a.m. on September 16, 2026. These shares are restricted shares from his departure and are pledged. As of the announcement date, Yan Nan holds 2.4 million shares, representing 1.79% of the company's total share capital, and all of his shares have been judicially re-frozen and pledged, totaling 2.4 million shares, or 100% of his holdings. Of these, 2.3 million shares have completed judicial auction but have not yet been transferred, and 100,000 shares are in the auction process described in this announcement. Yan Nan has previously completed the transfer of 4.3 million shares. Yan Nan is not a controlling shareholder, actual controller, or a shareholder holding more than 5% of the company, nor does he hold any position in the company. This auction will not lead to a change in company control. The company stated that the auction is still in the announcement stage, and final completion remains uncertain.

Wanma Technology shareholder Yan Nan's 500,000 shares will undergo a second online judicial auction from August 11 to 12, 2026, after the first auction failed to attract bidders. These shares account for 20.83% of Yan Nan's personal holdings and 0.37% of the company's total share capital. As of the announcement date, a cumulative total of 2.3 million shares held by Yan Nan have been subject to judicial auction, representing 95.83% of his holdings and 1.72% of the company's total share capital. Among these, 1.2 million shares and 600,000 shares completed bidding on June 16 and July 7 respectively but have not yet been transferred. Yan Nan currently holds 2.4 million shares in the company, all of which are under judicial re-freeze and pledge. However, this auction will not lead to a change in company control. Wanma Technology reported revenue of 167 million yuan and net profit attributable to the parent company of 6.06 million yuan for the first quarter of 2026.