Dagang Holdings: 19.29 million shares of stocks were auctioned off judicially.

Dagang Holdings announced that the People's Court of Futian District, Shenzhen, publicly auctioned 19.29 million shares held by shareholder Yingqi Management on July 28th to 29th, 2025. This auction was divided into 10 auction items. As of the date of the announcement, the auction has been completed, with the bid result of 19.29 million shares being sold for 106 million yuan, representing 44.16% of Yingqi Management's shareholding and 6.07% of the total shares of the company. This auction will result in a passive reduction of shares for Yingqi Management, but will not lead to a change in control of the company, nor will it have any impact on the company's normal production and operation.