CCCC: The 15.83% stake held by major shareholder Xiangyuan Holdings in the company will be auctioned off by the judiciary.

Announcement by Jianjian Construction Co., Ltd.: The 97.95 million shares held by the controlling shareholder, Xiangyuan Holdings Group Limited Liability Company, will be auctioned judicially, accounting for 35.71% of Xiangyuan Holding's shareholding and 15.83% of the company's total share capital. This auction will not result in a change in the company's controlling interest. If all shares are sold, Xiangyuan Holdings' shareholding will decrease to 28.49%.