Zhejiang Jinke Culture associate to auction shares

Zhejiang Jinke Culture Industry Co. announced that 2,462,375 shares held by Zhejiang Pingchu Trading Co., an entity acting in concert with the company's controlling shareholder, will be auctioned. This represents 0.07% of the company's total share capital. The auction, stemming from Pingchu Trading's bankruptcy liquidation, will proceed in a fragmented manner on Taobao, with a minimum bid quantity of 100,000 shares.

The auction is scheduled to take place from October 16 to October 17, 2025. While this transaction will result in Pingchu Trading no longer holding company shares, Zhejiang Jinke Culture Industry confirmed it will not lead to a change in the company's control or affect its normal operations.

Investors are advised to exercise caution as the auction process involves several stages, including bidding, payment, and share transfer, with potential uncertainties. The company will monitor the situation and provide further updates in accordance with information disclosure regulations.