ST Bushen: Intends to apply for a related loan of 21 million yuan to a joint venture company.

ST Bushen announced that the company will hold a board meeting on December 25, 2025 to review and approve the proposal to borrow 21 million yuan from its joint venture company Shanxi Bushen. The loan term will not exceed 12 months, with an annual interest rate of 2.10%, to be used for supplementing working capital. Shanxi Bushen was jointly invested and established by the company and the holding party of Xianhua Group, Shanxi Zhongjiang. Xianhua Group is a limited partner of the company's major shareholder Fang Weitongchuang. This transaction constitutes a related-party transaction, but not a major asset reorganization, and therefore does not require approval from the shareholders' meeting.