*ST Saiwei announced that the 1.02 million shares of the company held by Zhou Yong, the controlling shareholder and actual controller of the company, will be publicly auctioned by the People's Court of Rongcheng District of Jieyang City, accounting for 0.13% of the company's total share capital and 1.79% of the company's shares. The auction period is from 10:00 on December 3 to December 4, 2026. The reason for the auction was a loan contract dispute between Zhou Yong, Huang Haibo, and Du Peng. This auction will not cause a change in the actual control of the company for the time being, and will not affect the company's production, operation, corporate governance, etc. This judicial auction is still in the announcement stage. There is a risk that it will end up being sold, and there is uncertainty about whether it will succeed in the end.

*ST Saiwei announced that the 1.02 million shares of the company held by Zhou Yong, the controlling shareholder and actual controller of the company, will be publicly auctioned by the People's Court of Rongcheng District of Jieyang City, accounting for 0.13% of the company's total share capital and 1.79% of the company's shares. The auction period is from 10:00 on December 3 to December 4, 2026. The reason for the auction was a loan contract dispute between Zhou Yong, Huang Haibo, and Du Peng. This auction will not cause a change in the actual control of the company for the time being, and will not affect the company's production, operation, corporate governance, etc. This judicial auction is still in the announcement stage. There is a risk that it will end up being sold, and there is uncertainty about whether it will succeed in the end.