Announcement on Progress of Major Asset Purchase Subsequent Matters

*ST Yushun Co., Ltd.·August 3, 2026·2 pages

✨ AI Summary

Shenzhen Shunyu Electronics Co., Ltd. announces progress on its major asset purchase. The company has completed the transfer of the target assets. However, the payment of the remaining RMB 15,000,000,000 in transaction consideration is delayed due to lengthy bank procedures for a regulatory account, with daily penalties of 0.05% applicable from August 1, 2026.

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Full Translation

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Securities Code: 002289

Securities Abbreviation: Shunyu Electronics

Announcement Number: 2026-096

Shenzhen Shunyu Electronics Co., Ltd.

Announcement on Progress of Major Asset Purchase Subsequent Matters

The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false representations, misleading statements, or material omissions.

I. Overview of the Transaction

Shenzhen Shunyu Electronics Co., Ltd. (hereinafter referred to as the "Company" or "Shunyu Electronics") is acquiring 100% equity in Zhong En Yun (Beijing) Data Technology Co., Ltd., Beijing Shen Hui Bi Yuan Cloud Computing Technology Co., Ltd., and Zhong En Yun (Beijing) Data Information Technology Co., Ltd. (hereinafter collectively referred to as the "Target Companies") from their respective holders, Kai Xing Co., Ltd. (Energy Sight Limited), Zheng Jia Co., Ltd. (Basic Venture Limited), and Shanghai Hui Zhi Ding Management Consulting Co., Ltd. (hereinafter collectively referred to as the "Counterparties") by way of cash payment.

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