ST: Creditors apply for reorganization and pre-reorganization.

As of January 29, 2026, the company received a notice from creditor Qingdao Tai Shang Qingyang Supply Chain Management Co., Ltd., informing them that the applicant applied to Dongguan Intermediate People's Court for company restructuring on the grounds that the company is unable to pay off its debts and lacks clear solvency but has value for restructuring. The applicant also applied to initiate pre-restructuring procedures. The company has not yet received the court's acceptance documents for the applicant's request for company restructuring and pre-restructuring. There is uncertainty as to whether the court will accept the applicant's restructuring and pre-restructuring application.