ST Fuhua announced that the company recently received a “Notice Letter” from the manager of Shangke Technology. The manager will publicly auction 7.8 million shares of the company's common shares held by Shangke Technology on the JD Auction Bankruptcy Liquidation Platform, accounting for 11.2706% of its shares and 1.1482% of the company's total share capital. As of the disclosure date of the announcement, Shangke Technology held 10.1872% of the company's shares, and the cumulative frozen shares accounted for 100% of the company's total shares. The timing of this judicial auction has not been determined. Shangke Technology is not the controlling shareholder or actual controller. The auction will not cause a change in the company's control and will not affect daily operations.

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