ST Energy Saving: Stock trading experiencing abnormal fluctuations, uncertainties with controlling shareholder's stock being auctioned off due to legal reasons.

ST Energy-saving announced that the closing price of the company's stock on November 14, 17, and 18, 2025, deviated by a cumulative increase of 18.29% for 3 consecutive trading days, indicating abnormal fluctuations. Previously, the controlling shareholder Shenhua Technology Group's 23 million shares and 90 million restricted shares were both not sold in the auction, and the company has not received any further disposal notices. If subsequent auctions are successful or judicial transfers are completed, Shenhua Technology Group's shareholding will decrease to 49.6 million shares, accounting for 7.67% of the total shares, no longer being the largest shareholder. Changes in control of the company or judicial transfers are still uncertain.