Shiyao Jingfeng announced that from July 22 to 25, 2026, the Shanghai Second Intermediate People's Court held a judicial auction of 25 million shares of the company held by Ye Xiangwu, a shareholder holding more than 5% of the shares. The results showed that 22.5 million shares were contested by Changsha Xiangjiang Asset Management Co., Ltd. for 131 million yuan, accounting for 1.28% of the total share capital, and the transfer has not yet been completed; 2.5 million shares were sold. If the transfer is completed, the shareholding ratio of Ye Xiangwu and his co-actors will drop from 6.33% to 5.05%. This auction does not affect the company's control, and the final outcome is uncertain.

Shiyao Jingfeng announced that from July 22 to 25, 2026, the Shanghai Second Intermediate People's Court held a judicial auction of 25 million shares of the company held by Ye Xiangwu, a shareholder holding more than 5% of the shares. The results showed that 22.5 million shares were contested by Changsha Xiangjiang Asset Management Co., Ltd. for 131 million yuan, accounting for 1.28% of the total share capital, and the transfer has not yet been completed; 2.5 million shares were sold. If the transfer is completed, the shareholding ratio of Ye Xiangwu and his co-actors will drop from 6.33% to 5.05%. This auction does not affect the company's control, and the final outcome is uncertain.