Straits Innovation: Judicial auction of 15 million shares held by shareholders withdrawn

Straits Innovation Announcement: The judicial auction of 15 million shares held by Ms. Wu Yan, originally scheduled to take place on March 9-10, 2026, has been withdrawn due to a further investigation into the subject matter. Ms. Wu Yan and its concerted action person Zhejiang Fufei Technology Co., Ltd. are not the company's controlling shareholder, actual controller, or largest shareholder. This withdrawal will not result in a change in the company's control or have any adverse impact on its daily operations.