On June 26, *ST Jialing announced that the company had undergone major changes in its main business reorganization, and its business scope was changed to research on lithium-ion batteries, supercapacitors, solar cells and systems, wind and solar power supply systems, UPS power products, etc. *ST Jialing, which is implementing a major asset restructuring, received news on the evening of June 26 that in view of the company's major asset sales and issuance of shares to purchase assets and related transactions, it will complete the delivery of assets placed and purchased at the end of April this year. , the company's main business has undergone major changes, so the company's business scope and "Articles of Association" have been modified. According to the announcement, *ST Jialing’s original business scope was the manufacturing and sales of motorcycles, all-terrain vehicles, and special-purpose vehicles. It has been changed to the research of lithium-ion batteries. In response to special requirements such as satellite power supplies and special power supplies, it will develop new technologies, new products, Research on new processes, including research on basic battery mechanisms, development and application of new battery preparation processes, application research on power products for satellites and equipment; battery materials, chemical power sources, physical power sources, power supply systems, etc.; information services (guiding the use and Guarantee), installation and commissioning services, maintenance services, supply services (spare parts and wearing parts), testing services, technical document services, training services, processing and OEM services, etc. Batteries and battery components, electronic component manufacturing, chargers, electronic power supplies, supercapacitors, solar cells and systems, wind and solar power supply systems, UPS power supply products and related raw materials, components, semi-finished products, finished products, production equipment, instruments, R&D, production, sales, technical consulting, technology transfer, project contracting and foreign trade operations of supporting products. It is reported that *ST Jialing's overall plan for the sale of major assets and the issuance of shares to purchase assets and related transactions consists of three parts: the free transfer of listed company equity, the sale of major assets and the issuance of shares to purchase assets. The details are as follows: The company's controlling shareholder China Special Equipment Group Co., Ltd. transferred all the company's equity held by it to China Electronics Technology Group Co., Ltd.'s wholly-owned subsidiary China Electric Power Shen Co., Ltd. for free; the company sold all assets and liabilities as of January 31, 2018 to Bingzhuang Group in cash ; The company issued shares to China Electric Power Shen to purchase 100% of the equity it holds in Tianjin Space Power Technology Co., Ltd., and issued shares to Tianjin Lishen Battery Co., Ltd. to purchase 85% of the equity it holds in Tianjin Lishen Special Power Technology Co., Ltd. Up to now, 100% equity of Space Power and 85% equity of Lishen Special Electric have been completed in the above-mentioned transaction, and Space Power and Lishen Special Electric have become *ST Jialing subsidiaries. The follow-up work is yet to be completed, including the free transfer of the state-owned shares of the Bingzhuang Group and the registration and listing of new shares in the asset purchase part of this non-public issuance of shares.

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