Shengtai Group: Intends to acquire 58% equity of GOLDEN EAGLE to achieve full ownership.

Shengtai Group announced on July 15th that its overseas wholly-owned subsidiary, HAIMINH, plans to use its own funds and bank loans to acquire 58% of the shares of GOLDENEAGLE held by Golden Eagle for 13.39 million US dollars. After the transaction is completed, the company will indirectly hold 100% of GOLDENEAGLE's shares, which will be included in the consolidated financial statements. This acquisition aims to build a dual natural fiber industrial system of "cotton + linen", optimize the dual-cycle supply chain at home and abroad, and improve operational efficiency.