Jinpu Titanium Industry: The controlling shareholder's portion of the company's shares has been judicially auctioned.

Golden Bay Titanium Industry Announcement: A portion of the company's shares held by the controlling shareholder, Golden Bay Investment Holdings Group Limited, were auctioned by the courts. The auction consisted of two packages, each containing 17 million shares, with a total of 34 million shares sold at a transaction amount of 69.861 million yuan. This transaction represents 13.35% of the shares held by Golden Bay Group and 3.45% of the company's total share capital. After the auction, Golden Bay Group's holding of the company's shares will decrease to 221 million shares, and its shareholding percentage will be reduced to 22.36%. This auction will not result in a change in the company's controlling shareholder or actual controller, but there is a possibility of a change in the actual control of the listed company.