Shiyao Jingfeng: Transfer of shares from shareholders holding over 5% completed judicial auction.

Shiyao Jingfeng announced that 22.5 million shares of the company held by Ye Xiangwu have recently completed the transfer after being sold at a judicial auction by the Shanghai Second Intermediate People's Court. From July 3 to August 10, Ye Xiangwu and his concerted actors have cumulatively reduced their holdings by 22.75 million shares, accounting for 1.29% of the total share capital. After this change, their total holdings have decreased to 88.9343 million shares, with their shareholding ratio dropping to 5.05%. This judicial auction of shares will not result in a change of control over the company and will have no significant impact on the company's governance structure or ongoing operations.