Yongshang Lithium Industry announced that 76 million shares and 26 million shares of unlimited circulating shares held by the company's controlling shareholder Ningbo Jutai will be judicially auctioned, accounting for 14.75% and 5.04% of the total share capital of the company, respectively. The auction will take place on the jd.com online judicial auction platform from October 31 to November 1, 2024, with starting prices of 0.338 billion yuan and 1.16 billion yuan respectively. The auction is currently in the public notice stage, and the outcome is uncertain. If the auction is completed, the total shareholding ratio of Ningbo Jutai and acting in concert parties will decrease to 24.32%. The company stated that the auction will not affect its production and operation.