Shiyao Jingfeng announced that Ye Xiangwu recently completed the transfer of 22.5 million shares of the company that were judicially auctioned by the Shanghai Second Intermediate People's Court. From July 3 to August 10, Ye Xiangwu and his co-actors reduced their holdings by a total of 22.75 million shares, accounting for 1.29% of the total share capital. After the change, its total shareholding fell to 889.343 million shares, and its share fell to 5.05%. This judicial auction of shares will not lead to a change in the company's control and has no significant impact on the company's governance structure and continued operation.

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