*ST Oriental: Independent Director issues a letter urging the controlling shareholder to fulfill commitments.

*ST Oriental announced that the Board of Directors received a letter from independent directors Zheng Haiying, Chen Shoudong, and Song Xingfu. The independent directors urge the Board of Directors and management to pay close attention to the overdue commitments not fulfilled by the controlling shareholder and actual controller, including resolving the issue of restrictions on large withdrawals from deposits at Oriental Financial Company and returning the temporarily idle raised funds used to supplement liquidity. As of June 17, 2024, the company and its subsidiaries have a deposit balance of 1.64 billion yuan at Oriental Financial Company, with a loan balance of 0.666 billion yuan. The net amount raised from the private placement of stocks in 2015 was 8.61 billion yuan, originally intended for developing education consulting projects, but was later used by the controlling shareholder to repay debts owed by its subsidiary Oriental Financial (Peking) Co., Ltd. to other enterprises. Currently, the company is using 0.629 billion yuan of idle raised funds for temporary liquidity supplementation, with a term not exceeding 12 months, but due to tight liquidity, it is expected that repayment to the designated fundraising account will not be made on time. The company will raise funds through various means, expedite asset disposal, achieve early cash recovery, and quickly return the raised funds.