*ST Qihuan announced that on August 12, 2026, it received a notice from Three Gorges Zhixi Company and obtained approval from the Yichang Municipal State-owned Assets Administration Commission to participate in the company's restructuring investment matters, and the “Reorganization Investment Agreement” has come into effect. However, there is a risk that the agreement will be terminated or terminated, and the performance of the restructuring investors is uncertain. Furthermore, the company's pre-restructuring does not mean that the restructuring application has been accepted, and it is uncertain whether it can enter the restructuring process later. Delisting risks and other risk warnings have been implemented for the company's shares. If required circumstances occur in 2026, the listing will be terminated. If the restructuring fails, the company's shares will also face the risk of termination of listing.

*ST Qihuan announced that on August 12, 2026, it received a notice from Three Gorges Zhixi Company and obtained approval from the Yichang Municipal State-owned Assets Administration Commission to participate in the company's restructuring investment matters, and the “Reorganization Investment Agreement” has come into effect. However, there is a risk that the agreement will be terminated or terminated, and the performance of the restructuring investors is uncertain. Furthermore, the company's pre-restructuring does not mean that the restructuring application has been accepted, and it is uncertain whether it can enter the restructuring process later. Delisting risks and other risk warnings have been implemented for the company's shares. If required circumstances occur in 2026, the listing will be terminated. If the restructuring fails, the company's shares will also face the risk of termination of listing.