ST Dongyi: Controlling shareholder's 7.63% stake in the company will be auctioned off by the court.

ST Dongyi announced on the evening of May 15th that its controlling shareholder, Tianjin Dongyi Tianzheng Investment Co., Ltd., plans to auction off 32 million shares of the company, representing 31.44% of its holding and 7.63% of the company's total share capital. If the auction is successful, Tianjin Dongyi Tianzheng will hold 69.7804 million shares, accounting for 16.63% of the company's total share capital. This auction will not result in a change in the company's actual control.