ST Meichen announced that the company plans to sell 100% of its shares in Saishi Yuanlin through a non-disclosure agreement. The transaction is expected to constitute a major asset restructuring, but not a restructuring and listing. Up to now, work related to independent financial advisors, law firms, accounting firms, and evaluation agencies is progressing according to established steps; a solution for large historical transactions between Saishi Garden and listed companies has been initially formed. The details are being verified, calculated, and promoted simultaneously with various parties, and there is still uncertainty about the implementation of the final plan. The parties to the transaction have not signed a formal agreement. The specific plan still needs to be submitted to the board of directors and shareholders' meeting for consideration, and it is uncertain whether it will be approved.

ST Meichen announced that the company plans to sell 100% of its shares in Saishi Yuanlin through a non-disclosure agreement. The transaction is expected to constitute a major asset restructuring, but not a restructuring and listing. Up to now, work related to independent financial advisors, law firms, accounting firms, and evaluation agencies is progressing according to established steps; a solution for large historical transactions between Saishi Garden and listed companies has been initially formed. The details are being verified, calculated, and promoted simultaneously with various parties, and there is still uncertainty about the implementation of the final plan. The parties to the transaction have not signed a formal agreement. The specific plan still needs to be submitted to the board of directors and shareholders' meeting for consideration, and it is uncertain whether it will be approved.