*ST Development announced that the first half of 2026 achieved operating income of 64,144,400 yuan, a year-on-year decrease of 64.28%; net loss attributable to shareholders of listed companies was 50,2047 million yuan, an increase of 1028.81% year-on-year; net loss after deducting non-recurring profit and loss of 43.4251 million yuan, an increase of 1064.28% year-on-year loss. The company does not pay cash dividends, does not give bonus shares, and does not use the Provident Fund to increase share capital. During the reporting period, the company was applied for pre-restructuring and restructuring by creditors, and investors were recruited and the “Reorganization Investment Agreement” was signed; the controlling shareholder Caixin Real Estate and the indirect controlling shareholder Caixin Group have been declared bankrupt, and subsequent judicial disposition of shares may result in changes in the controlling shareholder and actual controller of the company.

*ST Development announced that the first half of 2026 achieved operating income of 64,144,400 yuan, a year-on-year decrease of 64.28%; net loss attributable to shareholders of listed companies was 50,2047 million yuan, an increase of 1028.81% year-on-year; net loss after deducting non-recurring profit and loss of 43.4251 million yuan, an increase of 1064.28% year-on-year loss. The company does not pay cash dividends, does not give bonus shares, and does not use the Provident Fund to increase share capital. During the reporting period, the company was applied for pre-restructuring and restructuring by creditors, and investors were recruited and the “Reorganization Investment Agreement” was signed; the controlling shareholder Caixin Real Estate and the indirect controlling shareholder Caixin Group have been declared bankrupt, and subsequent judicial disposition of shares may result in changes in the controlling shareholder and actual controller of the company.