ST Flowers King Horticulture: Wholly-owned subsidiary Suzhou Shunjing intends to purchase assets from Yiboda, with a contract amount of 3.8 million yuan

*ST Flowers King announced that its wholly-owned subsidiary Suzhou Shunjing Integrated Circuit Co., Ltd. intends to purchase inertial sensor modules, related R&D, and production equipment from Suzhou Yiboda Micro System Technology Co., Ltd., with a contract amount of 3.8 million yuan. Yiboda is a company controlled by Mr. Xu Liang, the actual controller of the company, who serves as a director. This transaction constitutes a related party transaction. This transaction is beneficial for reducing the company's costs and time investment, accelerating the realization of new products, thereby speeding up the rapid introduction of the company's new quality productivity industry, and assisting the company in improving the construction and upgrading of its future industrial chain. This transaction has been approved by the fifth independent director meeting of the company's fifth board of directors and the eighth meeting of the fifth board of directors, and does not need to be submitted for approval by the company's shareholders' meeting