ST Huayi: Wholly-owned subsidiary applied for pre-restructuring and restructuring, with uncertain outcomes.

ST Huayi announced that on August 7, 2026, its wholly-owned subsidiary Huayi Film received a "Notice" from creditor Holo Plus Technology Co., Ltd., which applied to the Jinhua Intermediate People's Court on August 6 for the reorganization of Huayi Film, citing the reasons that Huayi Film cannot repay its due debts and is insolvent but has restructuring value. The creditor also requested the court to coordinate the hearings of the company's pre-reorganization and reorganization cases. As of the date of the announcement, Huayi Film had not received any acceptance documents, and there is significant uncertainty about whether it will enter pre-reorganization or reorganization procedures in the future. If the reorganization fails, Huayi Film may be declared bankrupt, and the company could lose control. The company is currently still in the pre-reorganization stage, and it is also uncertain whether it will enter reorganization procedures thereafter.