ST Xi Fa: Intends to purchase 50% equity of Lhasa Beer with cash, pending approval at the shareholders' meeting.

ST XiFa announced that the company plans to acquire 50% of Lhasa Beer's equity held by Carlsberg International in cash, and will hold 100% of its equity after the completion of the transaction. The transaction does not involve issuing shares, does not constitute a related party transaction, and will not result in changes to the controlling shareholder or the actual controller. The Board of Directors approved the relevant proposal on January 29, 2026, but it still needs to be reviewed by the shareholders' meeting. Currently, the company is conducting a financial data audit of Lhasa Beer. In addition, the company is in the pre-reorganization stage, with the risk of reorganization failure.