ST Zhang shares: Company and its subsidiaries' restructuring plan approved by the court.

ST Zhang shares announcement, the restructuring plan of the company and its wholly-owned subsidiary Zhangjiajie Dayong Ancient City Development Co., Ltd. has been approved by the Intermediate People's Court of Zhangjiajie City, Hunan Province, and the restructuring process has been terminated. The company will now enter the stage of implementing the restructuring plan. If successfully executed, it will improve the asset-liability structure and operating conditions, enhance sustainable operation and profitability, and have a positive impact on the financial indicators for the year 2025.