Xingminzhitong: Judicial auction of shares held by shareholders with more than 5% ownership failed.

Xingmin Zhitong Announcement: Sichuan Shengbang Chuangheng Enterprise Management Co., Ltd., a shareholder holding more than 5% of the company's shares, will have 52 million shares of unrestricted tradable shares be auctioned off judicially. Previously, the auction of 40 million shares ended at 10:00 on August 29, 2025, with no bids and was therefore unsuccessful. The auction of 12 million shares ended at 10:00 on September 8, 2025, and also had no bids, resulting in being unsuccessful. Sichuan Shengbang Chuangheng Enterprise Management Co., Ltd. is not a controlling shareholder or actual controller of the company, so this matter will not lead to a change in control of the company, nor will it affect the company's daily operations and management.