ST Jing Blue: Intends to acquire a 51% stake in a South African company for 1 million US dollars to expand overseas business.

ST Jinglan announced that the company plans to acquire 51% equity of South Africa's NORTHWEST VANADIUM PROPRIETARY LIMITED for 1 million US dollars, with its main asset being the exclusive rights to explore vanadium titanium magnetite ore. After the completion of the transaction, the target company will become a subsidiary and be included in the consolidated financial statements. As of February 28, 2025, the total assets of the target company are 175,500 South African rand, total liabilities are 612,000 South African rand, and the revenue from March 1, 2024 to February 28, 2025 is 0, with a net loss of -10,100 South African rand. This transaction does not constitute a related party transaction or a major asset restructuring, has been approved by the board of directors, and does not require the approval of the shareholders' meeting.