*ST Baoxin announced that 9.42 million shares held by Jiangsu Liqing, the controlling shareholder of the company, were re-auctioned by the administration of justice. Of these, 9.32 million shares were transferred, and 100,000 shares will be re-auctioned because buyer Ye Mingkang repented. After this change in equity, Jiangsu Liqing's shareholding ratio fell from 22.31% to 21.02%; the total shareholding ratio of Jiangsu Liqing and Nanjing Yuhong, a co-actor, fell from 22.67% to 21.38%, hitting the 1% scale. This change is a passive reduction in holdings due to a judicial auction and will not result in a change in the company's control.

*ST Baoxin announced that 9.42 million shares held by Jiangsu Liqing, the controlling shareholder of the company, were re-auctioned by the administration of justice. Of these, 9.32 million shares were transferred, and 100,000 shares will be re-auctioned because buyer Ye Mingkang repented. After this change in equity, Jiangsu Liqing's shareholding ratio fell from 22.31% to 21.02%; the total shareholding ratio of Jiangsu Liqing and Nanjing Yuhong, a co-actor, fell from 22.67% to 21.38%, hitting the 1% scale. This change is a passive reduction in holdings due to a judicial auction and will not result in a change in the company's control.