*ST Mubang announced that since disclosing the relevant announcement on August 28, 2026, the company and its holding subsidiaries added a total of 6 new lawsuits and arbitration cases, all defendants/respondents, involving a total amount of 240 million yuan, accounting for 164.49% of the company's net assets audited to the mother in 2025. Two of these cases were major litigation and arbitration matters, and some of the cases have led to the freezing of some bank accounts or assets of subsidiaries. Currently, some cases have not been decided or settled. There is uncertainty about the impact on the company's profits. The potential payment obligations involved in the lawsuit are large, which has had a great impact on the company's overall asset safety. There is still major uncertainty about whether the company can enter the restructuring process. If the court accepts the restructuring application, the company's shares will be superimposed on a delisting risk warning. If the restructuring fails and the company's shares are declared bankrupt, the company's shares will face the risk of termination of listing.

*ST Mubang announced that since disclosing the relevant announcement on August 28, 2026, the company and its holding subsidiaries added a total of 6 new lawsuits and arbitration cases, all defendants/respondents, involving a total amount of 240 million yuan, accounting for 164.49% of the company's net assets audited to the mother in 2025. Two of these cases were major litigation and arbitration matters, and some of the cases have led to the freezing of some bank accounts or assets of subsidiaries. Currently, some cases have not been decided or settled. There is uncertainty about the impact on the company's profits. The potential payment obligations involved in the lawsuit are large, which has had a great impact on the company's overall asset safety. There is still major uncertainty about whether the company can enter the restructuring process. If the court accepts the restructuring application, the company's shares will be superimposed on a delisting risk warning. If the restructuring fails and the company's shares are declared bankrupt, the company's shares will face the risk of termination of listing.