ST East Time (603377.SH) has been applied for restructuring and pre-restructuring by creditors.

Intelligence Finance and Economics APP News, ST Dongshi (603377.SH) announced that the company (the "applicant") received a "Notice" issued by the Beijing First Intermediate People's Court (hereinafter referred to as "Beijing First Intermediate Court") on July 8, 2025. Creditor Beijing Guofeng Jianye Construction Engineering Co., Ltd. (hereinafter referred to as "Guofeng Construction", "applicant" or "creditor") applied to the Beijing First Intermediate Court for bankruptcy reorganization of the company on the grounds that the company is unable to repay its matured debts and clearly lacks the ability to repay them, but has restructuring value, and applied for the initiation of pre-reorganization procedures.