ST Bailey: Open recruitment for restructuring investors

ST Baile announcement, the company plans to publicly recruit and select restructuring investors, aiming to promote out-of-court restructuring and possible judicial restructuring in the future. The company's net profit for the year 2025 was a loss of 154 million yuan, and the net profit for the first quarter of 2026 was a loss of 47.7529 million yuan. As of June 24, 2026, the company has received claims from 352 creditors, totaling 1.978 billion yuan. The company's stock has been subject to other risk warnings since April 28, 2026. This recruitment process is uncertain, and there is a possibility that qualified restructuring investors may not be recruited or may not sign investment agreements on time.