On November 6, ST Chenming announced that the controlling shareholder Chenming Holdings holds 21.20,600 A-share shares of the company to be judicially auctioned, accounting for 2.65% of its shares and 0.72% of the company's total share capital. This auction is still in the publicity stage. The future may involve auctions, auctions, payment, equity changes, etc., and there is still uncertainty about the outcome of the judicial auction. At present, the company's production bases are operating stably, and production and operation are normal and orderly. This judicial auction will not have a significant adverse impact on the company's production and operation, etc., and will not cause changes in the company's control.

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