1, Huatai doesn't want to go out, in order to keep its equity. The applicant is Huatai or a person related to Huatai's interests. The reason for signing up is to prevent someone from taking away the equity. If others bid, it will bid. If others don't sign up and bid, it won't bid until the auction is over.
2. Real buyers come to sign up, but hope to buy at a lower price. It will be registered in advance. If someone comes to grab the equity, the applicant may continue to increase the price to prevent the equity from being taken away. If no one comes to grab the photo, the applicant won't take it.