ST Nan placed: has sold real estate development, leasing business related assets and liabilities to Shanghai Longlin.

*Announcement from ST Nan Zhi, the company has sold real estate development and leasing-related assets and liabilities to Shanghai Longlin. This transaction constitutes a major asset restructuring and is a related party transaction. As of November 30, 2025, Nan Guo Zhiye has substantially completed the transfer of assets, and all rights, obligations, and risks related to the underlying assets are enjoyed or assumed by Shanghai Longlin from the date of completion. The transaction price is 1 yuan, to be paid in cash by the counterparty. Changes in ownership of the equity of 16 target companies have been completed through business registration, and the process of transferring equity of one target company is in progress. All 18 investment properties in the target assets have been delivered to Shanghai Longlin. Nan Guo Zhiye has repaid and obtained consent letters from creditors corresponding to the debts of the target, with a total debt amount of 11.582 billion yuan, accounting for 99.99% of the debts transferred as of April 30, 2025.*