ST HuiKe: Control change stalls, risk alert issued

SGSG Science & Technology ("*ST HuiKe") issued an announcement today regarding the progress of the proposed control change involving Zibo High-tech State-owned Capital Investment Co., Ltd. ("Zibo Guotou"). While Zibo Guotou completed a payment tranche related to acquiring shares from existing shareholders for an agreed price in June 2023, it has yet to obtain necessary approvals from the relevant state-owned asset supervision and management department. The proposed control change hinges on approvals from the Shenzhen Stock Exchange, shareholder meetings, and the China Securities Regulatory Commission. Given the lack of substantial progress and ongoing uncertainty, *ST HuiKe advises investors to exercise caution and be aware of investment risks.