Yongshen Lithium: Judicial auction of over 5% shareholder's 10 million shares was completed.

Yongshen Lithium announced that the judicial auction of 10 million shares of the company's unrestricted circulating shares held by Ningbo Jutai, a shareholder with more than 5% stake, has concluded, with Fujian Hongtai Investment Co., Ltd. winning the bid at 99.264 million yuan, accounting for 14.74% of Ningbo Jutai's total holdings and 1.95% of the company's total share capital. The final transaction of the auction is subject to the court's ruling, and there is uncertainty regarding the subsequent payment and transfer processes. If the share delivery is completed, the shareholding ratio of Ningbo Jutai and its concerted action parties will decrease from 13.93% to 11.98%, which will not result in changes to the company's controlling shareholder or actual controller, and will not affect the company's operations.