ST Development: Signed the restructuring investment agreement with pre-restructuring investors, stock resumed trading.

On August 9, *ST Development announced that on August 7, 2026, it signed the "Restructuring Investment Agreement" with Tianjin Jingxing New Energy Enterprise Management Consulting Co., Ltd., the leading investor in the pre-restructuring process, and Qinggong City Jingxing New Energy Industrial Investment Partnership. According to the agreement, the company will implement a capital reserve conversion into stocks based on a total share capital of 1.1 billion shares, at a ratio of approximately 5.96113176702839 shares for every 10 shares. A total of 656 million shares will be converted. After the conversion is completed, the total share capital will increase to 1.756 billion shares. The aforementioned converted shares will not be allocated to original shareholders. Party B and all joint venture investors will collectively receive 626 million converted shares, of which Party B will receive 343 million shares. The total investment amount for the restructuring is 626 million yuan, with a transfer price of 1 yuan per share. The company's stock will resume trading from the morning of August 10, 2026. The announcement cautions that although the "Restructuring Investment Agreement" has been signed, there are still risks of the agreement being terminated, revoked, declared invalid, or not being fulfilled. Additionally, there are risks related to the inability to achieve the arrangement for positive net assets and the achievement of operating income targets; if relevant indicators are not met, the companys stock may be delisted. There is uncertainty regarding whether the court will accept the restructuring and whether it will enter the restructuring process thereafter.