On June 28, Gelunhui reported that ST Infinova (002528.SZ) announced that it held the 14th meeting of the sixth board of directors and the 13th meeting of the sixth supervisory committee on June 28, 2024, and passed the proposal on the operation optimization and business contraction of its wholly-owned subsidiary, Xinpu Internet (Beijing) Technology Co., Ltd. Due to the significant reduction in the scale of internet marketing business operated by Xinpu Internet, the continuous decline in gross margin and the continuous large losses have had a significant negative impact on the overall operation of the company. The company plans to optimize the operation and contract the business of Xinpu Internet.