*ST Qihuan announced that on July 31, 2026, the company signed a “Reorganization Investment Agreement” with Yichang Chengfa Holdings, Yichang Chuangyuan State Control, Enlighten Future Company, and Three Gorges Zhixi Company. Industrial investors will transfer 652 million shares through the transfer of the Three Gorges Zhixi Company at a price of 1.2 yuan/share at a price of 782 million yuan; Enlighten Future Company will transfer 226 million shares at a price of 1.2 yuan/share at a price of 271 million yuan. After the restructuring is completed, Three Gorges Zhixi Company will become the company's controlling shareholder, and the Yichang Municipal State-owned Assets Administration Commission will become the actual controller.

*ST Qihuan announced that on July 31, 2026, the company signed a “Reorganization Investment Agreement” with Yichang Chengfa Holdings, Yichang Chuangyuan State Control, Enlighten Future Company, and Three Gorges Zhixi Company. Industrial investors will transfer 652 million shares through the transfer of the Three Gorges Zhixi Company at a price of 1.2 yuan/share at a price of 782 million yuan; Enlighten Future Company will transfer 226 million shares at a price of 1.2 yuan/share at a price of 271 million yuan. After the restructuring is completed, Three Gorges Zhixi Company will become the company's controlling shareholder, and the Yichang Municipal State-owned Assets Administration Commission will become the actual controller.