*ST Communications announced that the company and Yiyang Group intend to sign a share repurchase agreement. Yiyang Group will repurchase 66,025,191 shares held by the company in cash or assets equivalent to 682.5 million yuan. Yiyang Group and its designated third party have paid the full amount. This transaction constitutes a related transaction and does not constitute a major asset restructuring. The purpose of the transaction is to resolve cross-shareholding issues, protect the interests of the company and shareholders, and will not adversely affect the company's financial and operating conditions. The transaction is subject to the shareholders' meeting for consideration.