[ST Zhongli: part of the shares held by the controlling shareholder will be judicially auctioned and forced to close] the ST Zhongli announcement said that the Suzhou Intermediate people's Court will auction 34.22 million shares of the company held by Wang Baixing, the controlling shareholder of the company, in stages on Taobao's judicial auction platform from 10:00 on July 13 to 10:00 on July 14, accounting for 3.93% of the company's total share capital. In addition, the 5 million shares directly held by Wang Baixing may be forced to close their positions and passively reduce their holdings by judicial compulsory measures because of the dispute over stock pledge financing. The judicial auction and the adoption of judicial compulsory measures to force the liquidation of positions will not affect the production and operation of the company.