Hainan Ruize Actual Controller's 9 Million Shares Were Forced to Sell by the Court

On April 17, Hainan Ruize announced that the First Intermediate People's Court of Hainan Province planned to sell 9 million shares of the company (accounting for 0.78% of the company's total equity) held by Mr. Feng Huoling by centralized bidding from the date of this announcement to April 24, 2026. This reduction is enforced by the court due to the dispute over the financial loan contract, and the source of the shares is the shares acquired by Mr. Feng Huoling before the initial public offering.