*ST Development: 200,000 shares of the controlling shareholder sold via judicial auction

*ST Development announced that some shares held by its controlling shareholder, Caixin Real Estate, were subject to a judicial auction. A total of 200,000 shares were sold in this auction, accounting for 0.0182% of the company's total share capital, with a total transaction price of 442,000 yuan. The bidders were Zhang Chunqing and Zeng Jinlong, each acquiring 100,000 shares. If the auction is ultimately completed and the transfer of ownership is finalized, Caixin Real Estate's shareholding ratio will decrease from 36.25% to 36.23%, and this will not result in a change of the company's controlling shareholder or actual controller. This auction still requires payment of the balance, a court ruling, and equity transfer, and there is uncertainty.