*ST Development announced that 31.01 million shares of the company held by Caixin Real Estate, the controlling shareholder of the company, were auctioned for the third time. 200,000 shares were sold at this auction, accounting for 0.0182% of the company's total share capital. The transaction price was 284,400 yuan, and the remaining 30.81 million shares were sold. If the first three judicial auctions are finally completed and the transfer is completed, Caixin Real Estate's shareholding ratio will drop from 36.25% to 36.19%. This judicial auction will not lead to changes in the company's controlling shareholders and actual controllers, and will not have a significant impact on the company's governance structure and continuous operation. This auction still requires payment of the final payment, court ruling, and share transfer, so there is some uncertainty.

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