Tongde Chemicals: Application for Rehabilitation and Pre-Rehabilitation by Creditors.

Tongde Chemical announced that on April 20, 2026, the company received a "Notice" and a "Notice Letter" from the Intermediate People's Court of Xinzhou City, Shanxi Province, and creditor Wanxiang Construction Engineering Co., Ltd. of Hequ County. The creditor applied to the court for pre-reorganization and reorganization of the company on the grounds that the company is unable to repay its due debts and lacks obvious solvency but has reorganization value. As of the date of the announcement, the company has not yet received the documents accepting the reorganization application by the court, and there is uncertainty about whether it will enter the reorganization process. If the court rules to accept the reorganization application, the Shenzhen Stock Exchange will issue a delisting risk warning for the company's stock; if the reorganization fails and the company is declared bankrupt, the company's stock will face the risk of being delisted. The company will cooperate in accordance with the law and continue to do well in daily business management.