ST Mei Valley: The original shareholder with more than 5% ownership of 45,372,320 shares will be auctioned for a second time.

ST Meitan announcement stated that the original shareholder holding more than 5% of shares, Jinghan Holdings, currently has a diluted stake of 3.38%. The 45,373,219 shares held by it were not sold in the first judicial auction, and will be auctioned for the second time on "Taobao" from 10:00 on March 28, 2026 to 10:00 on March 29, 2026 by the Pudong New Area People's Court in Shanghai. The outcome of the second judicial auction is still uncertain. Jinghan Holdings, as a non-controlling shareholder and its concerted action person, the sale of shares will not change the company's controlling interest, nor affect the company's operations.