ST, intending to terminate the fundraising investment project and permanently supplement working capital.

ST Letter Announcement: The company plans to terminate the Smart City construction project, the industry big data analysis and operation project, the cloud security management system construction project, the network optimization intelligent platform construction project, and the regional innovation application workshop construction project. As of June 30, 2025, the remaining unutilized raised funds for the terminated projects amount to 790 million yuan. The company plans to permanently supplement working capital with the remaining raised funds of 297 million yuan, used for daily production, operation, and business development. Additionally, due to judicial deductions reducing the funds in the raised capital account by 493 million yuan, the controlling shareholder has already returned the funds, which will also be used to permanently supplement working capital. This matter still needs to be submitted to the company's shareholders' meeting for approval.