ST New Elements: Signed Restructuring Investment Agreement with Financial Investors.

On June 9th, ST announced that the company has signed a "Reorganization Investment Agreement" with the Fuzhou City Lichuan District State-owned Assets Investment Holding Group Co. Ltd. If the Fuzhou Intermediate People's Court accepts the application for reorganization from the company's creditors, Lichuan State-controlled will adjust the rights and interests of investors in the company's reorganization process and conditionally acquire newly issued shares of the company. The intended number of shares to be acquired is 10 million, and the price for subscribing to the newly issued shares is 4.55 yuan per share. On June 8th, the company signed the "Reorganization Investment Agreement" with the financial investor Lichuan State-controlled.