ST Huawen: Wholly-owned subsidiary intends to transfer 55% equity of Huawen Jing Shu for a total of 30.98 million yuan.

ST Huawen announced that on December 26, 2025, its wholly-owned subsidiary Minxiang Investment signed an agreement with Haikou Xifengli to transfer 55% equity of Huawen Jingshu for 30.98 million yuan. This transaction does not constitute a related party transaction or a major asset reorganization. As of October 31, 2025, the total assets of Huawen Jingshu were 29.70 million yuan, with a revenue of 0.05 million yuan and a net loss of 2.7647 million yuan from January to October 2025. It is estimated that this transaction will generate a profit of 2.2507 million yuan in the current period, with the purpose of improving asset efficiency, enhancing cash flow, and optimizing financial structure.