ST Bushen: Terminates the planned sale of 35% equity of Shanxi Bushen in a major asset restructuring.

ST Bushen announced that the company originally planned to sell 35% equity of Bushen in Shaanxi to Nantong Second Spinning Machine in cash. After the completion of the transaction, the company would no longer hold its equity, which was expected to constitute a major asset restructuring. However, due to the parties' failure to reach consensus on core terms such as transaction price and scheme, after careful study and negotiation, it was decided to terminate the matter. This transaction was still in the planning stage and no substantive agreement was reached, so the parties are not liable and there is no significant adverse impact on the company. The company promises not to plan any major asset restructuring for at least 1 month.