ST Navigation: The controlling shareholder and the party acting in concert with them will have 9.1764 million shares be auctioned off by the judicial authorities.

ST Navigation announced that due to a debt dispute of 93.38 million yuan, the actual controller Wang Yuxiang and the concerted action person Zhang Yan received a judicial auction notice from the court. The 4.7433 million shares held by Wang Yuxiang and the 4.4331 million shares held by Zhang Yan will be auctioned in batches from July 17 to 21, with a starting price of 10.7 yuan per share. If all are sold, the shareholding ratios of Wang Yuxiang and Zhang Yan will decrease from 2.89% and 18.62% to 1.08% and 16.92% respectively, and the total shareholding ratio of the actual controller and its concerted action parties will decrease to 20.34%. This auction will not lead to a change in control and the outcome is still uncertain.