ST Hezong: Public Recruitment of Restructuring Investors

ST Hezong announced that the company had previously been petitioned by creditors for reorganization and pre-reorganization, and the Beijing First Intermediate People's Court has decided to initiate pre-reorganization proceedings for the company and designate an interim administrator. The company is now publicly recruiting reorganization investors, with the registration deadline set at 18:00 on October 15, 2026. Industrial investors are required to pay a registration deposit of RMB 50 million, while financial investors are required to pay RMB 10 million. At present, there is still uncertainty as to whether the company will enter reorganization proceedings. If the court rules to accept the reorganization application, the company's shares will be subject to a delisting risk warning; if the reorganization fails, the company faces the risk of being declared bankrupt and having its shares delisted.