[Sheng Yu] Announcement on the Termination of the Basic Equity Transfer Agreement Signed by and Between the Company, its Parent Company Nissho Kabushiki Kaisha Yodoko, and Shanghai Qinheng International Trade Co., Ltd. on January 28, 115
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Sheng Yu and its parent company Nissho Yodoko have decided to terminate the basic equity transfer agreement with Shanghai Qinheng International Trade Co., Ltd. This decision is based on an evaluation of the partner's financial status and negotiation responses, with no significant impact on the company's finances. Future negotiations will be held with other candidates.