*ST Busen announced that the company originally planned to sell 35% of Shaanxi Busen's shares to Nantong No. 2 Textile Machinery in cash. After the transaction is completed, it will no longer hold its shares, which is expected to constitute a major asset restructuring. However, since the parties failed to agree on core terms such as the transaction price and plan, it was decided to discontinue the matter after careful study and negotiation. The deal is still in the planning stage. No substantive agreement has been reached. All parties are not responsible, and there is no significant adverse impact on the company. The company promised not to plan major asset restructuring for at least 1 month.

*ST Busen announced that the company originally planned to sell 35% of Shaanxi Busen's shares to Nantong No. 2 Textile Machinery in cash. After the transaction is completed, it will no longer hold its shares, which is expected to constitute a major asset restructuring. However, since the parties failed to agree on core terms such as the transaction price and plan, it was decided to discontinue the matter after careful study and negotiation. The deal is still in the planning stage. No substantive agreement has been reached. All parties are not responsible, and there is no significant adverse impact on the company. The company promised not to plan major asset restructuring for at least 1 month.