ST Dahua announced that in order to optimize the capital structure and improve the efficiency of capital use, the company plans to reduce the capital of its wholly-owned subsidiary Fujian Wanjia Maritime Equipment Technology Co., Ltd., and reduce its registered capital from 100 million yuan to 10 million yuan. The registered capital reduction this time is the portion of the capital that has not been paid up. This capital reduction does not constitute a related transaction or major asset restructuring, and there is no need to submit it to the shareholders' meeting for consideration. After the capital reduction is completed, Wanjia Haifang is still the company's wholly-owned subsidiary. It will not cause changes in the scope of the consolidated statements, and will not have a significant adverse impact on the company's financial situation and operating results. The capital reduction still needs to be completed through legal procedures and registration of industrial and commercial changes, and there is uncertainty about whether it can be finally completed.

ST Dahua announced that in order to optimize the capital structure and improve the efficiency of capital use, the company plans to reduce the capital of its wholly-owned subsidiary Fujian Wanjia Maritime Equipment Technology Co., Ltd., and reduce its registered capital from 100 million yuan to 10 million yuan. The registered capital reduction this time is the portion of the capital that has not been paid up. This capital reduction does not constitute a related transaction or major asset restructuring, and there is no need to submit it to the shareholders' meeting for consideration. After the capital reduction is completed, Wanjia Haifang is still the company's wholly-owned subsidiary. It will not cause changes in the scope of the consolidated statements, and will not have a significant adverse impact on the company's financial situation and operating results. The capital reduction still needs to be completed through legal procedures and registration of industrial and commercial changes, and there is uncertainty about whether it can be finally completed.