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.
Wanma Technology Co LtdShareholder Yan Nan's shares face second judicial auction after first failed, indicating financial distress and potential overhang.