STYash: The company's subsidiary factories in Chongqing, Shijiazhuang, and Chuzhou waterproof factory are currently in a state of shutdown.

On May 14th, ST announced that the closing prices of the company's stock on May 12th, May 13th, and May 14th have deviated by more than 12% for three consecutive trading days, which constitutes abnormal fluctuations in stock trading according to the rules of the Shanghai Stock Exchange. The company conducted a self-inspection and found that there have been no significant changes in the internal and external operating environment or main business. Due to the continuous weakness in the real estate and construction industry and a significant decline in orders, the company's subsidiaries in Chongqing, Shijiazhuang, and Chuzhou are currently in a state of suspension of production. Additionally, due to the low level of capacity utilization, construction at the Guangzhou factory has also been halted. The company will make appropriate arrangements for the suspended operations and construction of these factories based on changes in business development.