ST Xuefa issued a change announcement. Although the company and related parties such as Cedar Industrial are enterprises under the control of the same actual controller, the company and related parties such as Cedar Industrial are completely separate and independent in terms of business, personnel, assets, organization, finance, etc. Therefore, matters involving related parties such as Cedar Industrial will not have a significant adverse impact on the normal operation and corporate governance of the company.

ST Xuefa issued a change announcement. Although the company and related parties such as Cedar Industrial are enterprises under the control of the same actual controller, the company and related parties such as Cedar Industrial are completely separate and independent in terms of business, personnel, assets, organization, finance, etc. Therefore, matters involving related parties such as Cedar Industrial will not have a significant adverse impact on the normal operation and corporate governance of the company.