ST Major: Release pre-restructuring debt claim filing notice, follow-up restructuring uncertainty.

The announcement from ST Clean stated that on June 5, 2026, the Suzhou Intermediate People's Court decided to initiate pre-reorganization of the company, appointing a liquidation team as the temporary administrator. Creditors must declare their debts through the "Break Chestnut" online platform within 30 days, and paper materials will not be accepted. If the company enters bankruptcy reorganization proceedings in the future, creditors who have already declared their debts in the pre-reorganization phase do not need to re-declare them. It is currently uncertain whether the court will accept the reorganization, or if the company will be able to enter the reorganization process. If reorganization is accepted, the company's stocks will be subject to delisting risk warnings. If the reorganization fails, there is a risk of the company being declared bankrupt and its stocks being delisted.