According to Hainan Ruize's announcement, the Guangzhou Intermediate People's Court of Guangdong Province publicly auctioned 45,895,900 shares held by Zhang Yilin, the actual controller of the company, on the Taobao online judicial auction platform, and the Hangzhou Chongsong Investment Partnership bid for 117,950,169 yuan. As of the disclosure date of the announcement, a total of 172,417,354 shares have been judicially auctioned off by the company, accounting for 53.73% of their shares and 15.02% of the company's total share capital. This auction will not lead to a change in the actual controller of the company, but the actual controller faces the risk of the pledged shares being liquidated or judicially auctioned, and there is uncertainty about the follow-up process of the auction.

According to Hainan Ruize's announcement, the Guangzhou Intermediate People's Court of Guangdong Province publicly auctioned 45,895,900 shares held by Zhang Yilin, the actual controller of the company, on the Taobao online judicial auction platform, and the Hangzhou Chongsong Investment Partnership bid for 117,950,169 yuan. As of the disclosure date of the announcement, a total of 172,417,354 shares have been judicially auctioned off by the company, accounting for 53.73% of their shares and 15.02% of the company's total share capital. This auction will not lead to a change in the actual controller of the company, but the actual controller faces the risk of the pledged shares being liquidated or judicially auctioned, and there is uncertainty about the follow-up process of the auction.