ST Jin Hong: Stock trading experiencing unusual fluctuations, uncertainties in multiple matters.

ST Hong announced that the company's stock had deviated by -13.70% for three consecutive trading days on May 20, 21, and 22, 2026, which is considered abnormal volatility. Currently, the company's operations are normal and both internal and external environments remain unchanged. On May 12, 2026, the company's controlling shareholder plans to change. The company's stock has been under continued risk warnings since April 29, and the application to revoke some warnings is still pending review. The Hengyang Intermediate People's Court has agreed to conduct a pre-restructuring outside court, but it is uncertain whether the restructuring will be accepted, and whether the company will enter a restructuring process in the future. Although the "Restructuring Investment Agreement" has been signed, there are still risks involved.