ST Huawen's subsidiary Ankechong acquires 23 EV charging stations for RMB 10.72 million

ST Huawen announced that its majority-owned subsidiary, Anke Charge, has entered into a "Charging Asset Acquisition Agreement" with Xiaoji Technology, under which Anke Charge will acquire 23 new energy vehicle charging station asset packages held by Xiaoji Technology for RMB 10.7193 million in cash. The shortfall guarantee obligors have collectively pledged 48.5597% of Anke Charge's equity as security for the transaction. This transaction has been approved by the company’s management and does not require submission to the board of directors or shareholders’ meeting for approval.