On the evening of June 28, * ST Meiji announced that it had received a notice from its controlling shareholder, Zhuhai Rongcheng, on the same day, stating that the manager of China National Seed Group considered that there was a high degree of correlation, including Zhuhai Rongcheng among the 248 enterprises, and that the legal personality was highly confused. The cost of distinguishing the property of China National Seed Group and the other 248 enterprises was too high. The separate bankruptcy liquidation would seriously damage the fair compensation interests of all creditors. He therefore applied to the First Intermediate People's Court of Beijing for substantive merger and bankruptcy liquidation of China National Seed Group and the other 248 enterprises. If Zhuhai Rongcheng enters the substantive merger and bankruptcy liquidation process, it may have an impact on the company's equity structure.