ST Mobang: Creditors apply for company restructuring, possibility of delisting terminated.

ST Mugang announced that creditor Long Baotai has applied to the Nanchang Intermediate Court for reorganization and pre-reorganization of the company on the grounds that the company is unable to repay its maturing debts and clearly lacks the ability to repay, with a principal debt of 5.76 million yuan. The company's revenue from January to September 2025 was 226.8226 million yuan, with a net loss of 35.57161 million yuan, and the non-operational fund occupation rectification has not been completed. The company and the controlling shareholder, Liao Zhiyuan, are both under investigation. If the court accepts the reorganization application, the company's stock will be subject to additional delisting risk warnings, and there is a risk of delisting. Currently, there are no plans for reduction of holdings by relevant personnel in the next 6 months.