According to the Qianjiang Biochemical announcement, 8.012,500 shares of the company's restricted tradable shares held by Yunnan Water, a shareholder holding 5% or more of the company's shares, were judicially auctioned, accounting for 0.92% of the company's total share capital and 4.85% of Yunnan Water's shares. Zhong Ge won the auction at a price of 32.1973 million yuan on the Ali Asset Platform. At present, the online auction phase has ended, and there is still uncertainty about subsequent payments, court execution, equity transfers, etc., and the final results are subject to the court ruling. This auction will not lead to a change in the company's actual control, nor will it have a significant impact on the company's production, operation, and corporate governance.

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