ST Huawen: Signed a 6.1 billion yuan restructuring investment agreement.

ST Huawen Announcement: The company signed a restructuring investment agreement on May 6, 2025 with Hainan United Asset Management Co., Ltd. and Hainan Provincial State-owned Capital Operation Co., Ltd. According to the agreement, the two industrial investors collectively pay 610 million yuan for restructuring investment, and the company will increase its share capital by 500 million shares at a price of 1.22 yuan per share. The purpose of the restructuring investment is to restore and improve the company's continuous operating capability. Hainan United and Hainan State-owned Capital Operation, as pre-restructuring industrial investors, have pledged to fully fulfill their investment obligations after the Huawen Group's restructuring plan is approved by the Intermediate People's Court of Haikou City, Hainan Province. The temporary caretaker has received a registration guarantee of 30 million yuan from Hainan United, which will be converted into an equivalent investment when the investment payment is made.