ST: Intends to sign a restructuring investment agreement with Linchuan State Control.

ST Xin Yuan announced that the company plans to sign a "Reorganization Investment Agreement" with the Fuzhou City Linchuan District State-owned Assets Investment Holdings Group Co., Ltd., a financial investor. If the court accepts the company's reorganization application, Linchuan State Holdings will conditionally acquire 10 million shares of the company through equity adjustment, with a subscription price not less than 55% of the market reference price. Since the company's independent director Fan Yanjun also serves as a director of Linchuan State Holdings, this transaction constitutes a related party transaction. The matter has been approved by the board of directors and still requires approval by the shareholders' meeting. The purpose of this transaction is to promote pre-reorganization and reorganization work, which is expected to improve the company's financial structure, resolve debt crises, and restore sustainable operational capabilities if the reorganization is successful.