ST Hongda announced that on July 23, Zhu Enwei, the company's controlling shareholder and actual controller, signed a “Cooperation Framework Agreement” with Jurong Technology. Zhu Enwei plans to transfer 5% of the company's shares to Jurong Technology. Jurong Technology plans to use 600 million yuan in cash to subscribe the company to issue no more than 30% of the total share capital to specific targets and become the controlling shareholder. After the transaction was completed, Zhu Enwei no longer actually controlled the company. Zhu Enwei needs assistance in disposing of the two suspended subsidiaries to ensure their divestment from the listed company within 12 months. The agreed transfer and issuance of shares are still subject to relevant review and approval, and there is uncertainty.

ST Hongda announced that on July 23, Zhu Enwei, the company's controlling shareholder and actual controller, signed a “Cooperation Framework Agreement” with Jurong Technology. Zhu Enwei plans to transfer 5% of the company's shares to Jurong Technology. Jurong Technology plans to use 600 million yuan in cash to subscribe the company to issue no more than 30% of the total share capital to specific targets and become the controlling shareholder. After the transaction was completed, Zhu Enwei no longer actually controlled the company. Zhu Enwei needs assistance in disposing of the two suspended subsidiaries to ensure their divestment from the listed company within 12 months. The agreed transfer and issuance of shares are still subject to relevant review and approval, and there is uncertainty.