ST Reach: The subsidiary plans to sell old equipment for no less than 60 million yuan.

ST Letida announced that, in order to optimize asset structure, the company's wholly-owned subsidiary Shenguang New Energy plans to sell the scrapped equipment replaced by the renovation project. These equipment have a book value of approximately 66.5 million yuan as of December 31, 2025, including no more than 123,480 pieces of scrapped high-concentration photovoltaic modules. The company will sell the equipment to qualified enterprises by quotation, with the estimated transaction amount not less than 60 million yuan, and the funds will be used for the operation of the subsidiary and to supplement working capital. This transaction has been approved by the board of directors, and does not constitute a related party transaction or a significant asset restructuring.