Mubang High-Tech (603398.SH) Signs "Reorganization Investment Agreement" with Financial Investors

Mubang High-Tech (603398.SH) issued an announcement that on November 18, 2025, the Nanchang Intermediate People's Court of Jiangxi Province decided to initiate pre-reorganization proceedings for the company and designated King & Wood Mallesons (Shenzhen) as the interim administrator for Mubang High-Tech's pre-reorganization, specifically responsible for all pre-reorganization work. On September 17, 2026, the company, the interim administrator, and financial investors National Trust Co., Ltd. (representing the "National Trust - Derun Chengchang No. 5 Reorganization Financial Investment Collective Fund Trust Plan"), Suizhou Hongjin Investment Partnership (Limited Partnership), and others separately signed the "Reorganization Investment Agreement." The financial investors subscribed to the increased shares in cash at a subscription price of 5.3 yuan per share; among them, National Trust subscribed 47,080,100 shares, with total reorganization investment funds of 250 million yuan, and Suizhou Hongjin subscribed 40,400,000 shares, with total reorganization investment funds of 214 million yuan. The signing of this "Reorganization Investment Agreement" is a necessary step in the company's pre-reorganization and reorganization, and is conducive to promoting the smooth progress of subsequent related work. If the company's pre-reorganization and reorganization procedures proceed smoothly and successfully, it will help resolve the company's debt risks, optimize the company's asset-liability structure, and enhance the company's sustainable operations and profitability. The specific implementation of the "Reorganization Investment Agreement" shall ultimately be subject to the reorganization plan approved by the court after the company enters reorganization proceedings.