ST Funeng announced that on July 27, 2026, Funeng Investment, a wholly-owned subsidiary of the company, re-signed the “Transaction Framework Agreement” with Annuoqi, Feng Shubin, and Huang Hui. Annuo plans to acquire 21% of Guangzhou Fengyun's shares held by Funeng Investment. The agreement is a framework agreement. The specific transaction amount, etc. have not been determined. Funeng Investment is still required to publicly list and sell shares through an equity exchange. If the transfer is completed, the company can return the capital and focus on the main business, but there is uncertainty about whether this transfer can be completed.

ST Funeng announced that on July 27, 2026, Funeng Investment, a wholly-owned subsidiary of the company, re-signed the “Transaction Framework Agreement” with Annuoqi, Feng Shubin, and Huang Hui. Annuo plans to acquire 21% of Guangzhou Fengyun's shares held by Funeng Investment. The agreement is a framework agreement. The specific transaction amount, etc. have not been determined. Funeng Investment still has to publicly list and sell shares through an equity exchange. If the transfer is completed, the company can return the capital and focus on the main business, but there is uncertainty about whether this transfer can be completed.