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.

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