ST Longyuan: Some shares held by the controlling shareholder will be auctioned off judicially.

ST Longyuan Announcement: Mr. Lai Zhenyuan, a member of the controlling shareholder family of the company, holds 120 million shares of unrestricted tradable stocks of the company, which will be auctioned by the court, accounting for 32.96% of the total shares held by the controlling shareholder family and 7.82% of the total share capital of the company. The assessed value of these shares is 246 million yuan, with a starting auction price of 172 million yuan.