*ST Sanfang announced that Sanfangxiang Group, the controlling shareholder of the company, holds 2,967 billion shares of the company, accounting for 73.76% of the total share capital, and has all been pledged and frozen. Recently, its 2,967 billion shares were frozen twice by the People's Court of Binhu District, Wuxi City, Jiangsu Province. A total of 12.05 billion shares are pending freezing, accounting for 406.11% of the total number of shares it holds and 299.56% of the company's total share capital. The Sanfangxiang Group has defaulted on some of its debts, and related lawsuits or arbitration disputes are being negotiated. If the above shares are subsequently disposed of, it may affect the stability of the company's control.

*ST Sanfang announced that Sanfangxiang Group, the controlling shareholder of the company, holds 2,967 billion shares of the company, accounting for 73.76% of the total share capital, and has all been pledged and frozen. Recently, its 2,967 billion shares were frozen twice by the People's Court of Binhu District, Wuxi City, Jiangsu Province. A total of 12.05 billion shares are pending freezing, accounting for 406.11% of the total number of shares it holds and 299.56% of the company's total share capital. The Sanfangxiang Group has defaulted on some of its debts, and related lawsuits or arbitration disputes are being negotiated. If the above shares are subsequently disposed of, it may affect the stability of the company's control.