*ST Pharmaceutical announced that its shareholding company, Haitong Pharmaceutical, was ruled by the Huinan court to accept the bankruptcy and liquidation application because it was unable to pay due debts and clearly lacked solvency. *ST Pharmaceutical holds 10% of Haitong Pharmaceutical's shares and provides joint liability guarantees for its bank loans. Therefore, *ST Pharmaceutical will separately accrue asset impairment provisions and estimated liabilities for the above matters, leading to a further reduction in net assets at the end of the 2024 period.

*ST Pharmaceutical announced that its shareholding company, Haitong Pharmaceutical, was ruled by the Huinan court to accept the bankruptcy and liquidation application because it was unable to pay due debts and clearly lacked solvency. *ST Pharmaceutical holds 10% of Haitong Pharmaceutical's shares and provides joint liability guarantees for its bank loans. Therefore, *ST Pharmaceutical will separately accrue asset impairment provisions and estimated liabilities for the above matters, leading to a further reduction in net assets at the end of the 2024 period.