ST Longda: Pre-restructuring will be launched on July 9, 2026, and production and operation will continue.

ST Long Announcement: On July 9, 2026, the company received a decision from the Yantai Intermediate People's Court, in which creditor Shandong Laiyang Rural Commercial Bank Co., Ltd. applied to the court for reorganization of the company on the grounds that the company is unable to repay its due debts and lacks clear repayment capabilities but has reorganization value. The court decided to initiate pre-reorganization proceedings for the company. During the pre-reorganization period, the company will fulfill its obligations to continue its production and operation, make prudent decisions on business affairs, and safeguard the value of its assets. The current management team will continue to be responsible for daily operational management under the guidance and supervision of an interim manager, ensuring that the production and operation continue as normal. The company has not yet received any relevant legal documents confirming the acceptance of the reorganization application by the court, thus there is uncertainty as to whether it will enter into the reorganization process.