Saurer Intelligent Technology announced that the company recently received a "Notice" from the Shenzhen Intermediate People's Court, which will convert 17.33 million shares of the company's stocks held by Gold Risen Industrial into unrestricted tradable shares. The securities company will assist in the court's ruling to forcibly sell 17.34 million shares of the company's stocks held by Gold Risen Industrial, accounting for 0.9697% of the total shares of the company. The delivery will start using centralized auction on September 25, 2024. Gold Risen Industry is the largest shareholder with over 5% ownership, holding 840,273,511 shares, with a shareholding ratio of 46.9975%. The implementation of this passive reduction will not result in a change of control of the listed company.