ST Huarong: Shareholder-held company's 21.59% shares failed to be sold at judicial auction.

On the evening of July 23, ST Huarong announced that Wuhan New Generation Technology Co., Ltd. and its concerted action person Cai Shouping collectively hold 42.229 million shares of the company, accounting for 21.59% of the total share capital of the company, have been judicially frozen. The shares were auctioned off from 10:00 on July 22 to 10:00 on July 23, but no one made a bid and the auction was unsuccessful. Wuhan New Generation Technology Co., Ltd. and its concerted action person Cai Shouping are not the controlling shareholder or actual controller of the company.