Qunxing Toys announced that the 3.2 million shares of the company held by Shenzhen Xinghe Data Technology Co., Ltd., the company's largest shareholder, were judicially auctioned, and Qian Senjiang bid for 18.0864 million yuan, and the transfer registration procedure has now been completed. After this transfer, Shenzhen Galaxy and its co-actors held a total of 497.471 million shares of the company, accounting for 8.07% of the total share capital. Furthermore, the 3.2 million shares mentioned above have been unfrozen and unpledged, accounting for 6.52% of the shares held by Shenzhen Galaxy and 0.52% of the company's total share capital. As of the disclosure date of the announcement, Shenzhen Galaxy held 45.87 million shares of the company, accounting for 7.44% of the total share capital, of which 45.8 million shares were pledged and 45.87 million shares were frozen. This judicial auction transfer will not result in a change in the company's control.

Qunxing Toys announced that the 3.2 million shares of the company held by Shenzhen Xinghe Data Technology Co., Ltd., the company's largest shareholder, were judicially auctioned, and Qian Senjiang bid for 18.0864 million yuan, and the transfer registration procedure has now been completed. After this transfer, Shenzhen Galaxy and its co-actors held a total of 497.471 million shares of the company, accounting for 8.07% of the total share capital. Furthermore, the 3.2 million shares mentioned above have been unfrozen and unpledged, accounting for 6.52% of the shares held by Shenzhen Galaxy and 0.52% of the company's total share capital. As of the disclosure date of the announcement, Shenzhen Galaxy held 45.87 million shares of the company, accounting for 7.44% of the total share capital, of which 45.8 million shares were pledged and 45.87 million shares were frozen. This judicial auction transfer will not result in a change in the company's control.