*ST Broad Sugar announced that the company previously disclosed that it plans to transfer 99.90% of the shares of Nanning Yunou Logistics Co., Ltd. and 100% of the shares of Guangxi Nan Sugar Seed Co., Ltd. to Guangxi Guangnong Supply Chain Group Co., Ltd. in cash, which is expected to constitute a major asset restructuring and related transaction. As of the date of disclosure of the announcement, the company is continuing communication and negotiations to actively promote audit, evaluation and due diligence, etc., and the relevant parties have yet to sign official transaction documents.

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