Wuhan Mingcheng holds more than 5% of the shares and some of its shares were not sold in a judicial auction.

Wuhan Mingcheng Culture Sports Group Co., Ltd. announced that New Star Hanyi, a shareholder holding more than 5% of the company's shares, will auction off 9.4 million shares held by the company on the JD.com judicial auction platform from 10:00 on September 5th to 10:00 on September 6th. The shares account for 13.42% of New Star Hanyi's total shareholding in the company and 0.46% of the total share capital of the company. The auction was unsuccessful as no bids were placed within the specified time period. This auction will not have a significant adverse impact on the company's operations and management, nor will it result in changes to the controlling shareholder or actual controller. The future possibility of re-auctioning the subject of the auction is uncertain, and the company will disclose any further developments in accordance with regulations.