Panhai Holdings: 44.87 million shares failed to be sold in a judicial auction.

On September 12, Fanhai Holdings Co., Ltd. issued an announcement, disclosing the latest progress on the judicial auction of some company shares held by the controlling shareholder China Fanhai Holdings Group Co., Ltd. According to the announcement, the number of shares involved in this judicial auction is 44.87 million shares, with the stock abbreviation "Fanhai 3" and the stock code "400205", and the shares are institutionally restricted after listing. The auction platform is Ali Asset Judicial Auction Network Platform, and the originally scheduled auction time was from 10:00 on September 11, 2025, to 10:00 on September 12, 2025. Due to no bidding within the specified time, the public judicial auction of the above shares has failed to sell.