ST Tongde announced that the company's pre-restructuring support agency determined that the Inner Mongolia Shengli Minbang Co., Ltd. consortium was selected as the successful investors for the restructuring. The consortium members included 4 entities including Inner Mongolia Shengli Minbang Co., Ltd. Subsequent pre-restructuring support agencies will organize negotiations between the company and the selected investors and sign the restructuring investment agreement. As of the disclosure date of the announcement, the two parties have not signed a formal agreement, and there is still uncertainty about the terms of the agreement and whether it can be signed; there is uncertainty about whether the company can enter the restructuring process and whether the restructuring is successful. If the restructuring fails, the company will face the risk of bankruptcy and termination of listing.

ST Tongde announced that the company's pre-restructuring support agency determined that the Inner Mongolia Shengli Minbang Co., Ltd. consortium was selected as the successful investors for the restructuring. The consortium members included 4 entities including Inner Mongolia Shengli Minbang Co., Ltd. Subsequent pre-restructuring support agencies will organize negotiations between the company and the selected investors and sign the restructuring investment agreement. As of the disclosure date of the announcement, the two parties have not signed a formal agreement, and there is still uncertainty about the terms of the agreement and whether it can be signed; there is uncertainty about whether the company can enter the restructuring process and whether the restructuring is successful. If the restructuring fails, the company will face the risk of bankruptcy and termination of listing.