ST Huayang announced that the Changsha Municipal State-owned Assets Administration Commission transferred 92.8% of the shares held in the Xiangjiang Group to the Xiangjiang New Area Management Committee free of charge. After the transfer was completed, the Changsha Municipal State-owned Assets Administration Commission will no longer hold the shares in the Xiangjiang Group, and the Xiangjiang New Area Management Committee will become the actual controller of the company by holding 92.8% of the shares in the Xiangjiang Group. The controlling shareholder of the company is still Xiangjiang Group, which holds 19.81% of the company's shares, and there are no rights restrictions such as pledge or freeze related shares. As of the date of signing the report, there are no specific plans to increase or dispose of the company's shares within the next 12 months.

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