Announcement on the Court's Ruling Declaring Company's Controlling Shareholder Caixin Real Estate and Indirect Controlling Shareholder Caixin Group Bankrupt

ST Development Co., Ltd.·July 6, 2026·2 pages

✨ AI Summary

The company received notice that the court has ruled to terminate the restructuring proceedings of its controlling shareholder, Caixin Real Estate, and indirect controlling shareholder, Caixin Group, declaring them bankrupt. This is expected to lead to changes in the company's equity structure, controlling shareholder, and actual controller. The company states that the bankruptcy will not significantly impact its daily operations.

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Securities Code: 000838

Securities Abbreviation: *ST Development

Announcement Number: 2026-036

Caixin Real Estate Development Group Co., Ltd.

Announcement on the Court's Ruling Declaring Company's Controlling Shareholder Caixin Real Estate and Indirect Controlling Shareholder Caixin Group Bankrupt

The company's controlling shareholder Caixin Real Estate and indirect controlling shareholder Caixin Group guarantee that the information provided to this company is true, accurate, and complete, without any false records, misleading statements, or significant omissions.

The company and all directors of the board guarantee that the content of this announcement is consistent with the information provided by the information disclosure obligor.

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