ST Yabo: Give up the preemptive right to purchase 23% equity in the joint venture company.

*ST Yabo announced that the holding company of 5%, Shandong Quan, is a shareholder of Zaozhuang Yasheng, and plans to transfer 23% of its equity in Shandong Quan to Shanghai Huizhi Chain. After comprehensive consideration, the company will waive its right of first refusal for this equity transfer, and the company's shareholding ratio will remain unchanged after the transfer. As of December 31, 2025, Shandong Quan had total assets of 369.6874 million yuan, net assets of -223.16 million yuan; revenue in 2025 was 39.592 million yuan, with a net loss of 122.34 million yuan. This transfer will not affect the company's financial statements and production and operation.