Hainan Ruize (002596) announced in the evening of July 20 that the Qionghai City Court of Hainan Province was scheduled to auction a total of 15.027 million shares of the company held by shareholder Sanya Daxing Group Co., Ltd. on Taobao Judicial Auction Network Platform from 10:00 on July 21 to 10:00 on July 22.
Recently, the company inquired through Taobao Judicial Auction Network Platform and learned that the judicial auction had been withdrawn because the parties reached a settlement without auctioning property.