ST Longda announced that due to a default in the financing and securities lending business, Donghai Securities, the controlling shareholder of the company, will dispose of and sell no more than 13.611,000 shares of the company in Lan Run Development Finance and Securities Lending Account, accounting for no more than 1% of the company's total share capital. The reduction method is bulk transactions or centralized bidding transactions. The holdings reduction period will be from October 8, 2026 to January 5, 2027, and the reduction amount will not exceed 34.1822 million yuan. After this reduction in holdings is completed, if all of Lan Run Development's 7.6954 million shares are transferred through judicial auctions, Lanrun Development's shareholding ratio will drop from 13.13% to 11.56%. It is still the company's largest shareholder, and the actual control of the company will not change.

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