ST Yabo: Controlling shareholder intends to transfer 21.13% of shares without compensation, actual controller may change.

ST Yabo announced that the controlling shareholder Shandong Quanxing Technology Co., Ltd. intends to transfer its 21.13% stake in the company to Zaozhuang Caijin Holdings Group Co., Ltd. and Shandong Caihui Holdings Group Co., Ltd. free of charge. The parties have signed a letter of intent for the transfer of equity. Among them, 17.11% of the shares, totaling 362,972,810 shares, will be transferred to Zaozhuang Caijin, and 4.01% of the shares, totaling 85,141,770 shares, will be transferred to Shandong Caihui. This may result in a change in the company's controlling shareholder and actual controller, and specific matters are still subject to negotiation, advancement, and implementation, requiring approval from the relevant regulatory authorities of all parties, and there is uncertainty.