ST Huayi announced that on August 7, 2026, its wholly-owned subsidiary Huayi Film received a “Notice Letter” from the creditor Holographic Plus Technology Co., Ltd., which applied to the Jinhua Intermediate Court to restructure Huayi Film and commence pre-restructuring procedures on August 6 on the grounds that Huayi Film was unable to pay its maturing debts and was insolvent but had restructuring value, and also applied for a collaborative trial with the company's pre-restructuring and restructuring cases. As of the date of disclosure of the announcement, Huayi Film has not received acceptance documents, and there is significant uncertainty about whether it will enter into pre-restructuring or reorganization procedures in the future. If the restructuring fails, Huayi Film may be declared bankrupt, and the company may lose control. The company is currently still in the pre-restructuring stage, and it is uncertain whether it will enter the restructuring process later.

ST Huayi announced that on August 7, 2026, its wholly-owned subsidiary Huayi Film received a “Notice Letter” from the creditor Holographic Plus Technology Co., Ltd., which applied to the Jinhua Intermediate Court to restructure Huayi Film and commence pre-restructuring procedures on August 6 on the grounds that Huayi Film was unable to pay its maturing debts and was insolvent but had restructuring value, and also applied for a collaborative trial with the company's pre-restructuring and restructuring cases. As of the date of disclosure of the announcement, Huayi Film has not received acceptance documents, and there is significant uncertainty about whether it will enter into pre-restructuring or reorganization procedures in the future. If the restructuring fails, Huayi Film may be declared bankrupt, and the company may lose control. The company is currently still in the pre-restructuring stage, and it is uncertain whether it will enter the restructuring process later.