ST Zhongji intends to purchase 100% equity of Xinyenenghua.

Announcement of ST Zhongji Corporation: The company plans to acquire 100% equity of Xinjiang Newye Energy Chemical Co., Ltd. through the issuance of shares and raise matching funds. This transaction is expected to constitute a major asset restructuring as defined by the "Management Measures for Major Asset Restructuring of Listed Companies" and will lead to a restructuring of the listing, as well as constitute a related party transaction. As of the date of this announcement, the due diligence, audit, and evaluation related to the transaction have not been completed. The company will fulfill its disclosure obligations in a timely manner based on the progress of relevant matters.