ST Qihuan: Shares held by shareholders with over 5% stake will be auctioned for the fourth time.

ST Qihuan announced that its shareholder, Sand Group, along with its concerted actions, Sand Investment, collectively holds 102,338,553 shares in the company, accounting for 7.18% of the total share capital. This time, they plan to auction a total of 50,713,780 shares, representing 49.55% of their total holdings and 3.56% of the company's total share capital. The auction is still in the public announcement stage, and the outcome is uncertain. The resulting passive reduction in holdings will not have a significant impact on the company's governance and operations, nor will it lead to a change in the company's control.