Yongshang Lithium announced that the company's controlling shareholder Ningbo Jutai holds 0.102 billion shares of the company with unlimited circulation shares were successfully auctioned by Pingtan Yongrong Zhisheng Investment Co., Ltd., at a fill price of 0.804 billion yuan, accounting for 19.79% of the company's total share capital. This judicial auction may result in changes to the company's controlling shareholder and actual controller. The final completion of this judicial auction shall be based on the auction transaction ruling issued by the People's Court of Linghai City, Liaoning Province, further involving the payment of the remaining auction balance, court enforcement legal procedures, equity transfer processes, etc., resulting in certain uncertainties.