Gelonghui September 20 丨ST Xinyan (300159.SZ) announced that the company recently learned through an online search for public information that the People's Court of Jianye District of Nanjing will hold Hanhua, a shareholder holding 5% or more of the shares on the Taobao Ali Judicial Auction online platform from 10:00 on September 22 to 10:00 on September 23, 2022 (excluding delays)Company shares2062.0.11 million shares (It accounts for 23.94% of its shares and 1.40% of the company's total share capital) Conduct a judicial auction (first auction).

Hanwha currently holds 8614 of the company's shares.6.47 million shares, accounting for 5.85% of the company's total share capital. If subsequent auctions are successful, Hanwha's shareholding ratio will drop below 5%.