Core Viewpoint - ST加加 has transitioned to a state without a controlling shareholder or actual controller, which the company asserts will not adversely affect its main business structure or daily operations [1][2] Group 1: Business Impact - The absence of a controlling shareholder or actual controller will not significantly impact the company's main business and financial status [1] - The company maintains a sound corporate governance structure and has not experienced any management changes as a result of this transition [1] Group 2: Strategic Focus - The company will continue to focus on its "low-salt" product strategy, enhancing promotion efforts and developing flagship low-salt products [2] - There will be ongoing adjustments to the product structure, including a reduction in SKU numbers and a push for high-margin product development [2] - ST加加 aims to expand into new channels such as e-commerce and industrial catering while solidifying traditional channels [2] - A special initiative called "Big Market Construction" will be implemented to establish regional market benchmarks and enhance overall sales capabilities [2] Group 3: Market Development - The company emphasizes the importance of every regional market, including Xu Zhou, and does not plan to abandon any markets [1] - Xu Zhou is a key market for the company, primarily focusing on sales through supermarkets with products like Wei Ji Xian and Jin Biao [1]

Group 1: Market Strategy - The company is focusing on promoting low-sodium soy sauce products, which align with the health food trend, and has received positive market feedback [2][3] - The sales proportion of low-sodium products is being emphasized, with plans to enhance product lines centered around these offerings [2][3] - The company aims to reduce SKU numbers and push for high-margin product development while maintaining traditional sales channels [5] Group 2: Operational Structure - The absence of a controlling shareholder or actual controller will not adversely affect the company's main business structure or daily operations [3][4] - The company maintains a sound corporate governance structure, ensuring independence in management, finance, and assets [3][4] Group 3: Sales and Market Development - The company is actively developing key markets, including second-tier cities like Xuzhou, which has a population of nearly 10 million [4][5] - Current sales plans include focusing on low-sodium products, adjusting product structures, and expanding into e-commerce and industrial catering channels [5] Group 4: Legal and Compliance - The company is monitoring the bankruptcy proceedings of its shareholder, Hunan Excellence Investment, and will comply with legal disclosure requirements [3][5] - The first creditors' meeting related to the bankruptcy case is pending, with the company committed to providing updates as required by law [5]