*ST Baoxin announced that the 2 million*ST Baoxin announcement held by Jiangsu Liqing, the controlling shareholder of the company, stated that the 2 million shares held by Jiangsu Liqing, the controlling shareholder of the company, were judicially auctioned by the People's Court of Yixiu District of Anqing City, and Gao Yuan bid for a maximum bid of 3.628 million yuan, accounting for 0.28% of the company's total share capital. The subsequent auction still involves balance payment, court execution, share transfer registration, etc., and there is uncertainty about the final outcome. In addition, Jiangsu Liqing recently had a total of 34.6417 million shares to be judicially auctioned, accounting for 19.80% of its current shareholding ratio and 4.81% of the company's total share capital. This change in equity is a passive reduction in holdings and will not have a significant impact on the company's operation and management. After the initial sale of the shares, the restricted shares were judicially auctioned by the People's Court of Yixiu District of Anqing City. Gao Yuan bid at a maximum bid price of 3.628 million yuan, accounting for 0.28% of the company's total share capital. The subsequent auction still involves balance payment, court execution, share transfer registration, etc., and there is uncertainty about the final outcome. In addition, Jiangsu Liqing recently had a total of 34.6417 million shares to be judicially auctioned, accounting for 19.80% of its current shareholding ratio and 4.81% of the company's total share capital. This change in equity is a passive reduction in holdings and will not have a significant impact on the company's operation and management.

*ST Baoxin announced that the 2 million*ST Baoxin announcement held by Jiangsu Liqing, the controlling shareholder of the company, stated that the 2 million shares held by Jiangsu Liqing, the controlling shareholder of the company, were judicially auctioned by the People's Court of Yixiu District of Anqing City, and Gao Yuan bid for a maximum bid of 3.628 million yuan, accounting for 0.28% of the company's total share capital. The subsequent auction still involves balance payment, court execution, share transfer registration, etc., and there is uncertainty about the final outcome. In addition, Jiangsu Liqing recently had a total of 34.6417 million shares to be judicially auctioned, accounting for 19.80% of its current shareholding ratio and 4.81% of the company's total share capital. This change in equity is a passive reduction in holdings and will not have a significant impact on the company's operation and management. After the initial sale of the shares, the restricted shares were judicially auctioned by the People's Court of Yixiu District of Anqing City. Gao Yuan bid at a maximum bid price of 3.628 million yuan, accounting for 0.28% of the company's total share capital. The subsequent auction still involves balance payment, court execution, share transfer registration, etc., and there is uncertainty about the final outcome. In addition, Jiangsu Liqing recently had a total of 34.6417 million shares to be judicially auctioned, accounting for 19.80% of its current shareholding ratio and 4.81% of the company's total share capital. This change in equity is a passive reduction in holdings and will not have a significant impact on the company's operation and management.