SSI: The controlling shareholder's 2.8 million shares will be auctioned off judicially

San Sheng Co., Ltd. announced that 2.8 million shares held by the company's controlling shareholder Pan Xianwen will be judicially auctioned by the People's Court of Beibei District, Chongqing on November 25-26, 2025. As of the announcement date, Pan Xianwen holds 16.75% of the company's total share capital, with a cumulative judicial freeze of 100% and a total of 97.5113 million shares already auctioned. If the auction is successful, Pan Xianwen's shareholding ratio will decrease to 16.10%. This auction will not lead to a change in the company's control and will have no significant impact on the company's operations and judicial restructuring work, although the outcome remains uncertain