*ST Chunxing announced that the company had previously initiated an out-of-court restructuring and publicly recruited investors for the restructuring. Recently, the company signed separate “Reorganization Investment Agreements” with industrial investors and financial investors. The industrial investors transferred additional shares at a price of 1.23 yuan/share, and the financial investors were 1.28 yuan/share. The agreement must be reviewed and approved by the shareholders' meeting to take effect.

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