Shengtai Group: Completed the sale of 70% equity of its subsidiary, receiving over 200 million yuan.

Shengtai Group announced that its wholly-owned subsidiary, Shengtai Knitting Co., Ltd., will sell 70% of the equity of Zhejiang Haotai Textile Smart Manufacturing Co., Ltd. held by it to Ningbo Haotai Enterprise Management Consulting Co., Ltd. As of the date of the announcement, the company has fully received the equity transfer payment of 190.234 million yuan, as well as 10 million yuan in taxes and fees payable by Haotai Textile and the asset transfer price in the previous asset reorganization, totaling 200.234 million yuan. The business registration change for this equity transfer has been completed, and Haotai Textile is no longer included in the company's consolidated financial statements. The transaction is completed.