ST Meichen announced that it intends to sell 100% of the shares of Hainan Meichen Ecological Development Co., Ltd., a subsidiary of its wholly-owned subsidiary Hangzhou Saishi Garden Group Co., Ltd., to Weifang Chuangwei Investment Management Co., Ltd. through a non-disclosure agreement. The transaction price is 1 yuan. After the transaction is completed, the company will no longer hold shares in Hainan Meichen, and Hainan Meichen will no longer be included in the scope of the company's consolidated statements. This transaction does not involve a related transaction, nor does it constitute a major asset restructuring. The transaction still needs to be submitted to the company's shareholders' meeting for review and other relevant state-owned approval.

ST Meichen announced that it intends to sell 100% of the shares of Hainan Meichen Ecological Development Co., Ltd., a subsidiary of its wholly-owned subsidiary Hangzhou Saishi Garden Group Co., Ltd., to Weifang Chuangwei Investment Management Co., Ltd. through a non-disclosure agreement. The transaction price is 1 yuan. After the transaction is completed, the company will no longer hold shares in Hainan Meichen, and Hainan Meichen will no longer be included in the scope of the company's consolidated statements. This transaction does not involve a related transaction, nor does it constitute a major asset restructuring. The transaction still needs to be submitted to the company's shareholders' meeting for review and other relevant state-owned approval.