According to the announcement of Shenli Co., Ltd., the online judicial auction phase of 174.507 million shares held by China's shareholders holding 5% or more of the company's shares has ended, with a total transaction amount of 219 million yuan. Among them, Shanghai Fangyuan Dachuang Investment Partnership won 8.457 million shares, accounting for 3.89% of the total share capital; Wu Mingqing, Yan Weijie, and Liao Zihan each competed for 3 million shares, each accounting for 1.38% of the total share capital. After the auction is completed, the Chinese party will no longer hold shares in the company. This matter will not lead to a change in the company's control, nor will it have a significant adverse impact on the production, operation and governance structure. Subsequent steps include payment of the balance of the auction, court enforcement of legal procedures, and share changes and transfers. There is still uncertainty about the final outcome.

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