ST Dongfang: Announcement on application for restructuring and pre-restructuring progress by creditors.

ST Oriental announced that on July 8, 2025, creditor Beijing Guofeng Jianye submitted an application for bankruptcy reorganization and pre-reorganization to Beijing First Intermediate People's Court on the grounds that the company was unable to pay off its due debts and had restructuring value. On July 10, Beijing First Intermediate People's Court decided to initiate pre-reorganization and appointed a liquidation team as the interim administrator. The company has publicly recruited reorganization investors and signed agreements to resolve the problem of non-operational fund occupation by the controlling shareholder. The two bondholder meetings of "ST Oriental Convertible Bonds" passed resolutions such as electing a trustee. Currently, pre-reorganization work is progressing in an orderly manner, but it is uncertain whether the company will enter the reorganization process. If the court accepts the reorganization application, the stock will be subject to delisting risk warning, and the case has not yet reached a conclusion.