Jiaotong Construction Co., Ltd. announced that due to an equity pledge debt dispute, the 97.95 million shares of the company's unlimited tradable shares held by the controlling shareholder Xiangyuan Holdings were judicially auctioned by the Zhejiang Shaoxing Intermediate People's Court from July 15 to 16, and won by Zhejiang Economic Construction Investment Co., Ltd. This change in equity still requires share transfer registration. After completion, the shareholding of Xiangyuan Holdings will drop to 176 million shares, accounting for 28.49% of the total share capital, and the total shareholding of information disclosure obligors and their co-actors will drop to 35.58%. As of the disclosure date of the announcement, most of the relevant shares have been pledged or frozen. Furthermore, as of March 31, the controlling shareholders' related parties had unsettled operating arrears of 886 million yuan from listed companies.

Jiaotong Construction Co., Ltd. announced that due to an equity pledge debt dispute, the 97.95 million shares of the company's unlimited tradable shares held by the controlling shareholder Xiangyuan Holdings were judicially auctioned by the Zhejiang Shaoxing Intermediate People's Court from July 15 to 16, and won by Zhejiang Economic Construction Investment Co., Ltd. This change in equity still requires share transfer registration. After completion, the shareholding of Xiangyuan Holdings will drop to 176 million shares, accounting for 28.49% of the total share capital, and the total shareholding of information disclosure obligors and their co-actors will drop to 35.58%. As of the disclosure date of the announcement, most of the relevant shares have been pledged or frozen. Furthermore, as of March 31, the controlling shareholders' related parties had unsettled operating arrears of 886 million yuan from listed companies.