*ST Huaxin According to the announcement, the company and Jiaozuo Zhongzhou Carbon Co., Ltd. (hereinafter referred to as “Zhongzhou Carbon”) signed a “Reorganization Intent Agreement” on August 8, 2019. The two parties reached cooperation agreements on matters such as Zhongzhou Carbon Coordination to help the company get out of the debt crisis. In order for the company to get out of the debt crisis and operating difficulties as soon as possible, Zhongzhou Carbon actively communicates and agrees with the company and plans to sign necessary restructuring documents as soon as possible, including but not limited to the “Voting Rights Entrustment Agreement”, “Equity Transfer Agreement”, and “Asset Reorganization Agreement”.