ST Chunghwa: Intends to transfer fundraising projects to related parties

ST Land Announcement: The company plans to transfer the assets and liabilities related to real estate development business held to the controlling shareholder Real Estate Group, which constitutes a major asset restructuring. The scope of the transaction includes the fundraising project, which will result in the termination of the fundraising project. This transaction has been approved by the board of directors and still needs to be submitted for approval by the shareholders' meeting. As of the end of 2024, a total of 157 million RMB has been invested in the Changsha Fengming Dongfang project and a total of 277 million RMB has been invested in the Tianjin Chunying Haihe project, totaling 434 million RMB.