ST Changfang: plans to publicly list and transfer some assets with a starting price of 374 million yuan.

ST Changfang Announcement: The company held a board meeting on August 4, 2025, and approved the "Proposal on the Public Listing and Transfer of Company's Partial Assets". The company intends to transfer the Ping Shan Changfang Industrial Park and Changfang Group's building through public listing, with a listing price of 374 million yuan. If no potential buyers are found in the first listing, a second listing will be conducted with a listing price of 311 million yuan. Both listings will last for 5 working days. The proceeds will be used to repay bank loans or supplement the funds needed for production and operation.