ST Joint Management (300477.SZ) was applied for reorganization and pre-restructuring by creditors

Zhitong Finance App News, ST Hesong (300477.SZ) issued an announcement. On July 24, 2026, the company received the “Notice Concerning Application for Bankruptcy Reorganization and Pre-Reorganization of Hesong Technology Co., Ltd.” from the creditor Jiangsu Weituoli Electric Power Engineering Technology Co., Ltd. (hereinafter referred to as “Beijing First Intermediate Court” or “Court”). The applicant submitted a restructuring of the company to the Beijing First Intermediate People's Court (hereinafter referred to as “Beijing First Intermediate Court” or “Court”) and advance Reorganization application. On the same day, the company received a “Notice” from the Beijing First Intermediate Court, informing the company that Jiangsu Veltronic applied to the court for restructuring and pre-restructuring in the name of a creditor.