*ST Yushun made an announcement on June 24th regarding its intention to acquire 100% of the equity in three indirectly held companies under Olive Ida Limited: Zhongen Cloud (Beijing) Data Technology Co., Ltd., Beijing Shenhui Biyuan Cloud Computing Technology Co., Ltd., and Zhongen Cloud (Beijing) Data Information Technology Co., Ltd. The acquisition will be carried out through a cash transaction and is anticipated to represent a significant asset restructuring for the company. Upon successful completion, these target companies will become wholly-owned subsidiaries of *ST Yushun. This strategic move is designed to bolster the asset quality and profitability of *ST Yushun, marking a crucial step in the company's strategic development.