ST Baoxin: Jiangsu Liqing's holding of 2.6 million shares of the company's stock was sold at a judicial auction.

ST Baoxin Announcement: Recently, 2.6 million shares of the company held by the controlling shareholder, Jiangsu Liqing, were auctioned off by the Jinping District People's Court in Shantou at a price of 6.825 million yuan. This auction will not result in a change in control of the company, nor will it have a significant impact on the company's production and operation.