*ST New Research announced that according to the “Reorganization Plan”, the 500 million shares of the company transferred from the Xinjiang Machinery Research Institute Co., Ltd. bankrupt enterprise property disposal account have been transferred to the securities account of the industrial investor Xinjiang Trade and Logistics Co., Ltd. The Commerce and Logistics Group has acquired and held 500 million shares of the company, accounting for about 15.20% of the total share capital of the listed company after implementing the capital reserve to increase shares. The Commerce and Logistics Group became the controlling shareholder of the listed company, and the State-owned Assets Supervision and Administration Committee of the People's Government of the Xinjiang Uygur Autonomous Region became the actual controller of the listed company. The company's original controlling shareholder Khorgos Huakong Venture Capital Co., Ltd. - Jiaxing Huakong Tenghui Equity Investment Partnership and its associated shareholders and concerted actors passively declined to 4.92%.

*ST New Research announced that according to the “Reorganization Plan”, the 500 million shares of the company transferred from the Xinjiang Machinery Research Institute Co., Ltd. bankrupt enterprise property disposal account have been transferred to the securities account of the industrial investor Xinjiang Trade and Logistics Co., Ltd. The Commerce and Logistics Group has acquired and held 500 million shares of the company, accounting for about 15.20% of the total share capital of the listed company after implementing the capital reserve to increase shares. The Commerce and Logistics Group became the controlling shareholder of the listed company, and the State-owned Assets Supervision and Administration Committee of the People's Government of the Xinjiang Uygur Autonomous Region became the actual controller of the listed company. The company's original controlling shareholder Khorgos Huakong Venture Capital Co., Ltd. - Jiaxing Huakong Tenghui Equity Investment Partnership and its associated shareholders and concerted actors passively declined to 4.92%.