ST Cuihua: Rumors such as "Golden tycoon Zhou Fufu and mining magnates are about to invest" are false information currently there is no ongoing plan for merger and reorganization or debt-to-equity conversion.

ST Huacui announced that recently, the company has noticed rumors on stock market communities such as East Money about "the government almost finishing talks and banks converting debt to equity", "the gold giant Zhou Shufu and mining magnates are going to inject capital", after verification, the board of directors deemed the above rumors as false information. The company currently has no ongoing merger and acquisition or debt-to-equity matters, and in the next three months, the company also has no plans for merger and acquisition or debt-to-equity.