ST Bushen: Intends to sell 35% equity of Bushen in Shaanxi, expected to constitute a major asset restructuring.

ST Bushen announced that the company plans to sell 35% of the equity of Shaanxi Bushen Fashion Intelligent Manufacturing Co., Ltd. to Nantong Second Spinning Machine, and the transaction is expected to constitute a major asset restructuring. This transaction does not involve the issuance of shares, does not constitute a restructuring for listing, and will not result in changes to the company's controlling shareholder and actual controller. The transaction is still in the preliminary planning stage, and core elements such as the transaction plan and price need further discussion and negotiation, as well as the necessary internal and external decision-making and approval procedures.