Core Viewpoint - The announcement details the progress of the judicial auction of shares held by a major shareholder of Zhengye Technology, indicating that the auction will not affect the company's control or operations [1][4]. Auction Progress - The auction took place on the JD Auction Bankruptcy Platform from June 25 to June 26, 2025, with multiple packages of shares being sold [1]. - A total of 5,000,000 shares from the shareholder Chulian Technology were auctioned, with various buyers winning different packages at prices ranging from approximately 34.4 million to 35.2 million RMB [2][3]. - Specific auction results include: - Package 10: 5,000,000 shares sold for 35,229,150 RMB [1]. - Package 11: 5,000,000 shares sold for 34,967,700 RMB [2]. - Package 12: 5,000,000 shares sold for 34,967,700 RMB [2]. - Package 13: 5,000,000 shares sold for 34,444,800 RMB [2]. - Package 14: 5,000,000 shares sold for 34,967,700 RMB [3]. Other Situations - Chulian Technology is not the controlling or largest shareholder of Zhengye Technology, and the auction of its shares will not lead to a change in control or affect the company's normal operations [4]. - The voting rights held by Hesheng Investment will decrease from 30.00% to its actual shareholding ratio due to the auction [4]. - The new shareholders are subject to restrictions on share transfers for six months following the acquisition [4].