ST Haiwang announced that Sulu Haiwang Group, a wholly-owned subsidiary of the company, transferred 65% of Xinxiang Yinhai's shares and Shandong Haiwang Group transferred 70% of Binzhou Huanghe's shares. After the share transfer was completed, the two companies were no longer included in the scope of the merger and passively formed external financial support. Of these, Xinxiang Yinhai still owes the principal amount of the loan of 17.5943 million yuan, which must be repaid before April 30, 2027; the Binzhou Yellow River still owes 146 million yuan in principal and must be repaid by January 31, 2027. This matter does not constitute a related transaction or major asset restructuring. It still needs to be submitted to the shareholders' meeting for consideration, and the risk is manageable.

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