ST Yushun: Significant progress made in the financing lease business of the target company for major asset restructuring.

ST Yushun announced that in order to promote a major asset restructuring, the target company Zhong Enyun Technology is conducting financing lease business with CMB Financial Leasing. Recently, affiliated party Huizhiding provided a interest-free loan of 81.1139 million yuan to Zhong Enyun Technology for the payment of risk deposit. CMB Financial Leasing has already paid the transfer price of the leased assets, and the pledge procedures for the accounts receivable of Zhong Enyun Data Information Technology Co., Ltd. have been completed, with the procedures of Zhong Enyun Technology currently in progress. Zhong Enyun Technology has completed the procedures for early repayment of loans from China CITIC Bank Beijing Branch. The company is currently progressing with the equity pledge release and transfer of the target company.