Recently, ST Xia Chuang (300300.SZ) announced that the company has received a notice from its controlling shareholder, Pingtan Innovation Private Equity Investment Partnership Enterprise (Limited Partnership) (hereinafter referred to as 'Pingtan Venture Capital'), regarding the adjustment of the upper-level shareholding structure of the controlling shareholder and the change of the actual controller of the company, as well as a 'Shareholder Resolution' delivered by Pingtan Integrated Experimental Zone Financial Holdings Group Co., Ltd. (hereinafter referred to as 'Pingtan Finance'), revealing the potential changes in the upper-level shareholder structure of Pingtan Finance and the actual controller of the company.

In accordance with the 'Notice of the Party and Mass Work Department of Pingtan Comprehensive Experimental Zone on the Transfer of Responsibilities and Personnel of the District Investment Promotion Bureau' (Lan Dangqun [2024] No. 55), Pingtan Comprehensive Experimental Zone has established the Pingtan Investment Promotion Bureau, combining the responsibilities and personnel transfer of the party and government work units. The Pingtan State-owned Assets Bureau has been disbanded, and the duties and existing staff of the Pingtan State-owned Assets Bureau have been transferred to the Pingtan Investment Promotion Bureau as a whole. After this gratuitous transfer of state-owned equity, the company's controlling shareholder remains unchanged, and the actual controller will be changed to Pingtan Comprehensive Experimental Zone Investment Promotion Bureau (hereinafter referred to as 'Pingtan Investment Promotion Bureau').

At the same time, according to the 'Notice of Pingtan Comprehensive Experimental Zone State-owned Assets Management Bureau on the Gratuitous Transfer of 100% Equity of Pingtan Integrated Experimental Zone Financial Holdings Group Co., Ltd.' (Lan Guozi [2024] No. 13), in order to further enhance the efficiency of state-owned capital operation and deepen the reform of state-owned enterprises, Pingtan Investment Promotion Bureau intends to gratuitously transfer the 100% equity of Pingtan Finance held by it to its wholly-owned subsidiary, Pingtan Comprehensive Experimental Zone Investment Promotion Group Co., Ltd.