Yashi Chuangneng: The 2.9165% stake held by the controlling shareholder will be auctioned by the judiciary

Yashi Chuangneng announced on February 23 that recently, the company learned through online public channels that the People’s Court of Shangcheng District, Hangzhou City, will conduct a judicial auction on the Taobao judicial auction platform from 10:00 on March 16 to 10:00 on March 17 (excluding delays). The auction involves the company’s 12.5 million unrestricted circulating shares held by controlling shareholder Chuangneng Ming, accounting for 2.9165% of the company’s total equity. As of now, Chuangneng Ming holds 78.6555 million shares, representing 18.35% of the company’s total equity. This auction will not affect the company’s production and operations, nor will it cause the company’s shareholding structure to be non-compliant with listing requirements.