ST Race: Signed a pre-restructuring investment agreement with the restructuring investors.

Announcement of ST's reorganization: On April 9, 2026, the company signed a "Pre-reorganization Investment Agreement" with the major investors Dexin Storage and Ping An of China. In this reorganization, ST Smart will implement a capital reserve fund increase in shares, totaling no more than 840 million shares. After the share increase, ST Smart's total share capital will increase to no more than 1,603.8692 million shares. The shares transferred by ST Smart will not be distributed to the original shareholders. Apart from the shares used to repay creditors, the remaining transferred shares will all be acquired by the reorganization investors. The party B plans to acquire 205 million shares, accounting for approximately 12.78% of ST Smart's total share capital after the increase. The designated financial investors by party B plans to acquire 395 million shares, accounting for approximately 24.63% of ST Smart's total share capital after the increase. Specific details will be finalized in additional investment agreements to be signed after this agreement with party A and the supervisory party.