Ningbo Zhongbai: The shareholding held by shareholders holding more than 5% of the shares was completed by judicial auction. Hangzhou Jindi Commercial Management Co., Ltd.'s shareholding ratio increased to 13.18%.

Ningbo Zhongbai announced that Zhong Renbao, a shareholder holding over 5% of the company's shares, holds 18.884 million shares of the company, accounting for 100% of the shares held by him and 8.42% of the total share capital of the company. The company received a ruling from the Qingdao Intermediate People's Court of Shandong Province, ruling that the ownership of 18.884 million shares of unrestricted tradable shares of the company belongs to Hangzhou Jindi Business Management Co., Ltd. Hangzhou Jindi Business Management Co., Ltd. acquired 18.884 million shares of unrestricted tradable shares of the company through judicial auction, accounting for 8.42% of the total share capital of the company. As of the disclosure date of this announcement, Hangzhou Jindi Business Management Co., Ltd. holds a total of 29.567 million shares of the company, accounting for 13.18% of the total share capital of the company.