ST Intercontinental announced that due to a trust loan contract dispute, Guangxi Zhenghe, the company's shareholder, will publicly auction 123.5 million unrestricted tradable shares of the company on the Haikou Maritime Court Taobao Judicial Auction Network platform from November 16 to November 17, 2026. The shares auctioned this time accounted for 2.98% of the company's total share capital and 24.29% of Guangxi Zhenghe's shares. The starting price was 1.98 yuan/share. Before the auction, Guangxi Zhenghe held 508 million shares of the company, accounting for 12.25% of the total share capital. This auction will not affect the company's production and operation, and will not result in a change in the actual controller.

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