Group 1 - The company held a special meeting of independent directors on July 28, 2025, to discuss a proposed investment cooperation agreement and related party transactions [1] - Green Energy International Limited plans to invest in the construction of a solar and energy storage station at Brother Mining SASU, with an expected scale of 18MW for solar and 20MW/20MWh for energy storage [1] - The project will have a 10-year cooperation period with a phased decreasing pricing model, with an estimated total electricity payment of approximately $48.06 million over the 10 years [1] Group 2 - The related party transaction adheres to objective and reasonable principles, with strict compliance to legal regulations and company policies, ensuring fair pricing and no harm to the interests of the company or its shareholders [2] - The voting results for the transaction were unanimous, with 3 votes in favor, 0 against, and 0 abstentions [2]

Group 1 - The core point of the article is that ST Shengtun (600711.SH) is entering into an agreement with Green Energy International Limited to optimize its power structure and reduce operational costs through a solar energy storage project [1] - The agreement involves Brother Mining SASU (BMS), a subsidiary of ST Shengtun, which will collaborate with Green Energy International for the design, construction, and investment of the solar energy storage station [1] - Upon completion of the solar energy storage station, BMS will consume 100% of the generated electricity at a preferential price over a 10-year cooperation period, with an estimated total payment of approximately $48.06 million [1]

Core Viewpoint - The company ST Shengtun (600711) is optimizing its power structure and increasing energy supply by entering into an investment and energy management agreement with Green Energy International Limited for a solar-storage project [1] Group 1: Agreement Details - The subsidiary Brother Mining SASU (BMS) will collaborate with Green Energy International Limited, which will be responsible for the design, construction, and full investment of the solar-storage power station [1] - BMS will consume 100% of the generated electricity at a preferential price during the project cooperation period as per the contract [1] Group 2: Financial Implications - The pricing model established in the agreement includes a 10-year cooperation period with a phased decreasing price structure [1] - The total estimated payment for electricity over the 10 years is approximately $48.06 million, subject to final actual electricity consumption calculations [1]