Shiyao Jingfeng announced that Ye Xiangwu recently completed the transfer of 22.5 million shares of the company that were judicially auctioned by the Shanghai Second Intermediate People's Court. From July 3 to August 10, Ye Xiangwu and his co-actors reduced their holdings by a total of 22.75 million shares, accounting for 1.29% of the total share capital. After the change, its total shareholding fell to 889.343 million shares, and its share fell to 5.05%. This judicial auction of shares will not lead to a change in the company's control and has no significant impact on the company's governance structure and continued operation.

Shiyao Jingfeng announced that Ye Xiangwu recently completed the transfer of 22.5 million shares of the company that were judicially auctioned by the Shanghai Second Intermediate People's Court. From July 3 to August 10, Ye Xiangwu and his co-actors reduced their holdings by a total of 22.75 million shares, accounting for 1.29% of the total share capital. After the change, its total shareholding fell to 889.343 million shares, and its share fell to 5.05%. This judicial auction of shares will not lead to a change in the company's control and has no significant impact on the company's governance structure and continued operation.