Kehua Holdings: Shareholder Shanghai Jingyou Passively Reduces 1.98% of Shares

Kehua Holdings Announcement: The shareholder Shanghai Jingyou New Energy Co., Ltd., which previously held more than 5% of the shares, has 3,845,300 unrestricted circulating shares of the company forcibly executed by judicial authority, accounting for 1.98% of the company’s total share capital. Due to a contractual dispute, the People’s Court of Hailing District, Taizhou City, has ordered the forced sale of shares held by Shanghai Jingyou, including 3,843,800 shares under judicial freeze and 1,526 unfrozen shares. After this passive reduction, Shanghai Jingyou no longer holds any shares of the company.