*ST Aviation announced that the company previously disclosed that its creditor, Guoze Fund, applied to the Hebi Intermediate Court to restructure the company on the grounds that the company was unable to pay its maturing debts and that its assets were insufficient to pay all of its debts, but had restructuring value. On November 4, 2026, the company received a “Civil Ruling” from the Hebi Intermediate Court, which ruled that the application for the restructuring was not accepted. At the same time, the court determined that the company could initiate pre-restructuring. The company will proceed with pre-restructuring procedures according to regulations, including registration and review of claims, asset investigation, audit evaluation, and recruitment of investors for the restructuring. As of the disclosure date of the announcement, the company has not received any concluding opinions or decisions from the China Securities Regulatory Commission on the matter of filing the case on August 7, 2026. This matter may cause the company not to meet the conditions to enter into the restructuring process.

*ST Aviation announced that the company previously disclosed that its creditor, Guoze Fund, applied to the Hebi Intermediate Court to restructure the company on the grounds that the company was unable to pay its maturing debts and that its assets were insufficient to pay all of its debts, but had restructuring value. On November 4, 2026, the company received a “Civil Ruling” from the Hebi Intermediate Court, which ruled that the application for the restructuring was not accepted. At the same time, the court determined that the company could initiate pre-restructuring. The company will proceed with pre-restructuring procedures according to regulations, including registration and review of claims, asset investigation, audit evaluation, and recruitment of investors for the restructuring. As of the disclosure date of the announcement, the company has not received any concluding opinions or decisions from the China Securities Regulatory Commission on the matter of filing the case on August 7, 2026. This matter may cause the company not to meet the conditions to enter into the restructuring process.