ST Jin Hong: The court agrees to allow the liquidation team to assist the company in carrying out an out-of-court restructuring plan.

ST Hong announced that on February 24, they received a reply from the Hengyang Intermediate Court agreeing for the liquidation team to assist the company in conducting extrajudicial restructuring. This move is beneficial for determining the value and feasibility of restructuring, reducing costs, and improving efficiency. However, the court's agreement to extrajudicial restructuring does not mean formal acceptance of the restructuring, and it is still uncertain whether the company will be accepted and whether it will enter the restructuring process. In addition, the company's non-recurring net profit for the year 2025 is still negative, and after the annual report is disclosed, other risk warnings may continue to be implemented. If the restructuring fails, the company faces the risk of bankruptcy and delisting.