ST Joint: Intends to purchase 100% equity of Runtian Industry for 3.009 billion yuan, Jiangxi Maitong will become the controlling shareholder of the company.

ST announced that the company plans to purchase 100% equity of Jiangxi Runtian Industry Co., Ltd. from Jiangxi Maitong, Run Tian Investment, and Jinkai Capital by issuing shares and paying cash, with a transaction price of 3.009 billion yuan. At the same time, the company plans to issue shares to raise funds from no more than 35 specific investors, with a maximum fundraising amount of 1.2 billion yuan. After the completion of this transaction, Jiangxi Maitong will become the controlling shareholder of the company, while the Jiangxi Provincial State-owned Assets Supervision and Administration Commission will remain the actual controller of the company.