ST Doushen announced that the company's board of directors reviewed and passed the bill and agreed that the holding subsidiary Yanling County Sixue Education Technology Co., Ltd. would carry out debt restructuring and sign a “settlement agreement” with the Yanling County Education and Sports Bureau on litigation matters. According to preliminary estimates, the income from this debt restructuring was approximately RMB 284.14,400, which had little impact on current profit and loss. The specific amount is subject to the audit results. The matter still requires the Changge Municipal People's Court to issue a “Civil Mediation Letter”. If the other party fails to fulfill the payment obligation in full as agreed, the subsidiary has the right to apply for enforcement of all unpaid amounts. The board of directors of the company authorized management to handle matters related to this debt restructuring.

ST Doushen announced that the company's board of directors reviewed and passed the bill and agreed that the holding subsidiary Yanling County Sixue Education Technology Co., Ltd. would carry out debt restructuring and sign a “settlement agreement” with the Yanling County Education and Sports Bureau on litigation matters. According to preliminary estimates, the income from this debt restructuring was approximately RMB 284.14,400, which had little impact on current profit and loss. The specific amount is subject to the audit results. The matter still requires the Changge Municipal People's Court to issue a “Civil Mediation Letter”. If the other party fails to fulfill the payment obligation in full as agreed, the subsidiary has the right to apply for enforcement of all unpaid amounts. The board of directors of the company authorized management to handle matters related to this debt restructuring.