ST Tianyu (300205.SZ) announced on June 16th that the company recently learned that the U.S. Department of the Treasury's OFAC (Office of Foreign Assets Control) has listed the company on the SDN List (Specially Designated Nationals List). Entities listed on the list will face restrictions on transactions, overseas asset transfers, and forex settlements with U.S. entities.

The trade between the company and overseas clients is a normal business transaction, and we strictly abide by the relevant laws, regulations, and international commercial practices involved in production and operation activities. OFAC sanctions are unilateral actions, and the reasons and specific situations for listing the company on the SDN list remain to be verified. The company will communicate actively with all parties as soon as possible, hoping to receive fair and just treatment. Being listed on the SDN List this time may have an impact on the company's forex settlements, etc. The company does not currently have any subsidiaries or branches in the United States, no assets in the United States, and no business is conducted in the United States. The company is evaluating the impact of being listed on the SDN List and will formulate effective countermeasures to maximize the interests of customers, partners, shareholders, and employees.