ST busen: planning to sell 35% equity in Shanxi busen or form a major reorganization.

ST Busen announced that, in order to optimize its asset structure, it plans to sell 35% of its equity in Shaanxi Busen to Nantong Er Fong Machine through a cash transaction. After the transaction is completed, it will no longer hold any equity in it. According to calculations, this transaction is expected to constitute a major asset restructuring, does not involve issuing shares, does not constitute a restructuring listing, and will not result in a change in control. Currently, the transaction is still in the planning stage, and audit, evaluation, and other work are in progress. The relevant parties have not yet signed formal documents. There are risks in the transaction, such as not passing approval decisions, termination due to changes in the environment or disagreements in negotiations, and the company's stock will not be suspended.