ST Mei Valley: Subsidiary Jin Huan New Materials is applying for restructuring.

*ST Mei Valley Announcement: The wholly-owned subsidiary Hubei JinHuan New Materials Technology Co., Ltd. received a "Notice" from the Fan Cheng District People's Court of Xiangyang City, Hubei Province, filed by the applicant Huamao Weiye Green Technology Co., Ltd., stating that JinHuan New Materials is unable to repay its debts due, and clearly lacks the ability to pay off its debts, and has therefore filed for bankruptcy restructuring. As of 2024, JinHuan New Materials had total assets of 604 million yuan, total liabilities of 455 million yuan, net assets of 149 million yuan, operating income of 428 million yuan, and a net loss of 85.9322 million yuan; from January to September 2025, the total assets were 562 million yuan, total liabilities were 461 million yuan, net assets were 101 million yuan, operating income was 275 million yuan, and net loss was 47.9258 million yuan.