*ST Baoxin announced that a total of 1.6 million shares of the company held by Jiangsu Liqing, the controlling shareholder of the company, were recently judicially auctioned by the Jingjiang Municipal People's Court. The buyers were all Sun Jianhui, with a total transaction amount of about 35.9334 million yuan. Subsequent to the above auction, it still involves aspects such as balance payment, court execution, and share transfer registration, etc., and there is uncertainty about the final outcome. In addition, Jiangsu Liqing also has a total of 8 million shares of the company to be judicially auctioned starting October 29. This judicial auction is a passive reduction in holdings and will not have a significant impact on the company's operation and management.

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