ST New Research: The Commercial Trade Logistics Group has become the controlling shareholder of the company.

ST Xin research announcement, according to the "restructuring plan" transfer of 500 million shares of company stock has been transferred from the bankruptcy enterprise property disposal special account of Xinjiang Mechanical Research Institute Co., Ltd. to the securities account of industrial investor Xinjiang Business and Trade Logistics Co., Ltd. The Business Trade Logistics Group has acquired and holds 500 million shares of the company, accounting for approximately 15.20% of the total share capital after the implementation of the company's capital reserve fund for the issuance of new shares. Business Trade Logistics Group has become the controlling shareholder of the listed company, with the Xinjiang Uygur Autonomous Region People's Government State-owned Assets Supervision and Administration Commission becoming the actual controlling shareholder. The original controlling shareholder of the company, Holgos Huakong Venture Capital Co., Ltd. - Jiaxing Huakong Tenghui Equity Investment Partnership Enterprise and its related shareholders, collectively have their passive shareholding reduced to 4.92%.