Valin Precision announced that there is a private loan dispute between Jiedeng Zero Carbon, a shareholder holding more than 5% of the shares, and Nanjing Xinhuahai. After the judicial auction went live, the court ruled that the 7 million shares of the company held by Jiedeng Zero Carbon would be transferred 118 million yuan to Nanjing Xinhuahai to pay off the corresponding claims. After the equity change, Nanjing Xinhuahai held 7 million shares, accounting for 5.25% of the total share capital; Jiedeng Zero Carbon's holdings fell to 667,300 shares, accounting for 0.50%. As of the date of disclosure of the announcement, the transfer of shares has not been completed. Nanjing Xinhuahai shall not reduce its holdings within 6 months after the transfer of shares.

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