*ST Lanhuang announced that in order to expand the scale of the juice business and increase concentrated juice production capacity, the company plans to participate in the bankruptcy and restructuring of Hengxing Juice. On December 16, 2025, the company's board of directors agreed to participate. On the 17th, the company submitted registration materials and paid the deposit. On the 19th, the company received a notice and was not identified as a restructuring investor; it is the No. 1 alternative investor. If the selected investors are unable to continue to participate, the company will negotiate and sign a contract with the manager as an alternative to fulfilling decision-making and information disclosure obligations at that time. Hengxing Juice has a registered capital of 50 million yuan and has many assets such as land and physical goods.

*ST Lanhuang announced that in order to expand the scale of the juice business and increase concentrated juice production capacity, the company plans to participate in the bankruptcy and restructuring of Hengxing Juice. On December 16, 2025, the company's board of directors agreed to participate. On the 17th, the company submitted registration materials and paid the deposit. On the 19th, the company received a notice and was not identified as a restructuring investor; it is the No. 1 alternative investor. If the selected investors are unable to continue to participate, the company will negotiate and sign a contract with the manager as an alternative to fulfilling decision-making and information disclosure obligations at that time. Hengxing Juice has a registered capital of 50 million yuan and has many assets such as land and physical goods.