ST West intends to acquire 50% equity stake of Lhasa Brewery held by Carlsberg with cash, expected to constitute a major asset restructuring.

ST Xi Fa announced that the company plans to acquire 50% equity of Tibet Lhasa Brewery Co., Ltd. currently held by Carlsberg International Holding Limited in cash, which is expected to constitute a major asset restructuring. At present, the two parties to the transaction have only reached a preliminary consensus and signed a list of terms for the transfer of 50% equity of Tibet Lhasa Brewery Co., Ltd. and other matters. No other legally binding agreements or documents have been signed. The transaction scheme and terms still need further demonstration and negotiation. In addition, the company is currently in the pre-restructuring stage, with the risk of bankruptcy and bankruptcy liquidation if the restructuring fails, and the company's stock may face the risk of delisting.