Hengyin Technology: The judicial auction of its subsidiary failed, with the evaluated value of the subject being 239 million yuan.

Hengyin Technology Announcement: The company's holding subsidiary, Zhizhu Space Technology Co., Ltd. as the applicant for execution, participated in the second public judicial auction organized by the Tianjin First Intermediate People's Court. The transaction object is 112 real estate properties in Ruixi Building, Hongqiao District, Tianjin, with an assessed value of 2.39 billion yuan and a starting price of 1.8 billion yuan. As there were no other bidders in this auction and Zhizhu Space did not bid, the judicial auction was ultimately unsuccessful. The 30 million yuan bid deposit paid by Zhizhu Space will be refunded in accordance with the court's requirements.