ST Xinhuajin announced that due to the refusal of the management management of the holding subsidiary Shanghai Lizhi to cooperate with the preparation of the 2026 semi-annual report, the company was unable to obtain its complete financial data and has lost substantial control over Shanghai Lizhi. The board of directors of the company deliberated and decided not to include Shanghai Lizhi in the scope of consolidated statements from April 1, 2026. Shanghai Lizhi's revenue from January to March 2026 was 58.3717 million yuan, accounting for 16.38% of the company's consolidated revenue for the same period; corresponding net profit to mother was 449,700 yuan, accounting for 12.02%. The company has initiated legal proceedings on the relevant dispute, and will later review its reconsolidation based on the progress of the judgment. This matter may result in the issuance of a non-standard audit opinion on the company's 2026 annual report.

ST Xinhuajin announced that due to the refusal of the management management of the holding subsidiary Shanghai Lizhi to cooperate with the preparation of the 2026 semi-annual report, the company was unable to obtain its complete financial data and has lost substantial control over Shanghai Lizhi. The board of directors of the company deliberated and decided not to include Shanghai Lizhi in the scope of consolidated statements from April 1, 2026. Shanghai Lizhi's revenue from January to March 2026 was 58.3717 million yuan, accounting for 16.38% of the company's consolidated revenue for the same period; corresponding net profit to mother was 449,700 yuan, accounting for 12.02%. The company has initiated legal proceedings on the relevant dispute, and will later review its reconsolidation based on the progress of the judgment. This matter may result in the issuance of a non-standard audit opinion on the company's 2026 annual report.