*ST Hexin announced that the company plans to issue shares and pay cash to purchase 56.00% of the shares of Shanghai Liangxi Technology Co., Ltd. held by Wu Ming and Shanghai Yandao Enterprise Management Partnership and raise supporting capital and related transactions. According to the arrangement of the M&A and Reorganization Review Committee of the Shanghai Stock Exchange, the transaction application will be submitted to the 18th M&A and Reorganization Review Meeting in 2026 for consideration on September 29, 2026. The transaction still needs to be reviewed and approved by the Shanghai Stock Exchange and registered by the Securities Regulatory Commission. There is uncertainty about whether it will be approved and when it will be finally approved.

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