*ST Development announced that some of the shares held by Caixin Real Estate, the controlling shareholder of the company, were judicially auctioned. A total of 200,000 shares were sold at this auction, accounting for 0.0182% of the company's total share capital, with a total transaction price of 442,000 yuan. The bidders were Zhang Chunqing and Zeng Jinlong, who each bid for 100,000 shares. If the auction is finally completed and the transfer is completed, the shareholding ratio of Caixin Real Estate will be reduced from 36.25% to 36.23%, which will not lead to a change in the controlling shareholder and actual controller of the company. This auction still requires payment of the final payment, court ruling, and equity transfer, and there is uncertainty.

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