*ST Development announced that the second judicial auction of some of the shares held by Caixin Real Estate, the controlling shareholder of the company, ended. A total of 7,790,000 shares were sold, accounting for 0.7079% of the company's total share capital. If the first and current judicial auctions are finally completed and transfer registration is completed, the shareholding ratio of Caixin Real Estate will be reduced from 36.25% to 35.52%, which will not lead to a change in the controlling shareholder and actual controller of the company. This auction still requires payment of the final payment, court ruling, share change and transfer, etc., so there is some uncertainty.

*ST Development announced that the second judicial auction of some of the shares held by Caixin Real Estate, the controlling shareholder of the company, ended. A total of 7,790,000 shares were sold, accounting for 0.7079% of the company's total share capital. If the first and current judicial auctions are finally completed and transfer registration is completed, the shareholding ratio of Caixin Real Estate will be reduced from 36.25% to 35.52%, which will not lead to a change in the controlling shareholder and actual controller of the company. This auction still requires payment of the final payment, court ruling, share change and transfer, etc., so there is some uncertainty.