Harmontronics Automation's major shareholder's stock judicial auction completed

Harmontronics Automation announced that 4.3781 million unrestricted tradable shares held by its controlling shareholder, Harmontronics Investment, have been successfully sold in a judicial auction, with the bidder being Guo Yang and the transaction price being 54.6078 million yuan. This is the second of four auctions, with two more to follow. If this and the previous auction are successfully transferred, the controlling shareholder's stake will be reduced to 22.95%, and the direct and indirect holdings of the actual controller, Cai Changwei, will decrease to 13.9776%, resulting in a total control reduction to 29.95%. The final transaction will be subject to the court's ruling, and the auction will not affect the company's controlling rights and operations