*ST Mubang (603398.SH) signed a “Reorganization Investment Agreement” with financial investors

Zhitong Finance App News, *ST Mubang (603398.SH) issued an announcement. On November 18, 2025, the Nanchang Intermediate People's Court of Jiangxi Province decided to initiate pre-restructuring of the company and appointed Beijing Jindu (Shenzhen) Law Firm as the temporary manager of Mubang Hi-Tech's pre-restructuring, which is specifically responsible for all pre-restructuring tasks.

On September 17, 2026, the company, the temporary manager and financial investors National Trust Co., Ltd. (representing “National Trust - Derun Chengchang No. 5 Restructured Financial Investment Pooled Fund Trust Plan”) and Suizhou Hongjin Investment Partnership (Limited Partnership) respectively signed the “Reorganization Investment Agreement”. Financial investors subscribed for additional shares in cash, and the subscription price was 5.3 yuan/share; of these, National Trust subscribed for 47.081 million shares, with a total restructuring investment of 250 million yuan. Suizhou Hongjin subscribed for 40.4 million shares, and the total restructuring investment amount was 214 million yuan.

The signing of the “Reorganization Investment Agreement” is a necessary part of the company's pre-restructuring and restructuring, which is conducive to the smooth progress of subsequent related work. If the company's pre-restructuring and restructuring procedures proceed smoothly and successfully, it will help resolve the company's debt risk, optimize the company's balance and liability structure, and enhance the company's sustainable operation and profitability. The specific implementation status of the “Reorganization Investment Agreement” is ultimately based on the restructuring plan approved by the court ruling after the company entered the restructuring process.