*ST Baoxin announced that the 10.12 million shares held by Jiangsu Liqing Integrated Circuit Technology Co., Ltd., the controlling shareholder of the company, were transferred due to judicial auctions, and their total shareholding ratio with the co-actor Nanjing Yuhong Equity Investment Co., Ltd. dropped from 26.07% to 24.66%. This was a passive reduction in holdings and will not lead to a change in the company's controlling shareholder or actual controller. As of the date the report was signed, all of the company's shares held by both parties have been judicially frozen, and some shares will be judicially auctioned one after another in the next 12 months.

*ST Baoxin announced that the 10.12 million shares held by Jiangsu Liqing Integrated Circuit Technology Co., Ltd., the controlling shareholder of the company, were transferred due to judicial auctions, and their total shareholding ratio with the co-actor Nanjing Yuhong Equity Investment Co., Ltd. dropped from 26.07% to 24.66%. This was a passive reduction in holdings and will not lead to a change in the company's controlling shareholder or actual controller. As of the date the report was signed, all of the company's shares held by both parties have been judicially frozen, and some shares will be judicially auctioned one after another in the next 12 months.