*ST Qihuan announced that Sunder Group Co., Ltd., a shareholder holding more than 5% of the company's shares, and its co-actor Sander Investment Holdings Co., Ltd. were judicially auctioned due to a pledged securities repurchase dispute, accounting for 3.45% of the company's total share capital. The relevant shares have already been registered for transfer. After this change in equity, the total shareholding ratio of Sander Group and its co-actors fell from 7.18% to 3.73%. This auction will not result in a change in the company's control. Some of the shares held by Sander Group are still judicially frozen and pending freezing, and there is a possibility that they will continue to be judicially auctioned or forcibly transferred.

*ST Qihuan announced that Sunder Group Co., Ltd., a shareholder holding more than 5% of the company's shares, and its co-actor Sander Investment Holdings Co., Ltd. were judicially auctioned due to a pledged securities repurchase dispute, accounting for 3.45% of the company's total share capital. The relevant shares have already been registered for transfer. After this change in equity, the total shareholding ratio of Sander Group and its co-actors fell from 7.18% to 3.73%. This auction will not result in a change in the company's control. Some of the shares held by Sander Group are still judicially frozen and awaiting freezing, and there is a possibility that they will continue to be judicially auctioned or forcibly transferred.