Stock Code: 002360 Stock Abbreviation: ST Tongde Announcement No.: 2026-056 Shanxi Tongde Chemical Co., Ltd. Announcement on Court's Appointment of Pre-Restructuring Assistance Agency The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions. Important Content and Special Risk Warning:
- On May 6, 2026, the Intermediate People's Court of Xinzhou City, Shanxi Province (hereinafter referred to as the "Xinzhou Court" or the "Court") issued a "Decision" appointing the liquidation committee of Shanxi Tongde Chemical Co., Ltd. (hereinafter referred to as "Tongde Chemical" or the "Company") as the pre-restructuring assistance agency for Tongde Chemical (hereinafter referred to as the "Pre-Restructuring Assistance Agency").
- It remains uncertain whether the Company will subsequently enter into restructuring proceedings. If the Court rules to accept the Company's restructuring application, the Company will cooperate with the Court and the administrator in carrying out the relevant restructuring work and fulfill its legal obligations as a debtor. According to the relevant provisions of the "Shenzhen Stock Exchange Stock Listing Rules," after the Court accepts the restructuring application, the Shenzhen Stock Exchange will implement a delisting risk warning on the Company's stock. Investors are kindly advised to pay attention to investment risks.
- If the Company subsequently enters into restructuring proceedings and the restructuring is successfully completed, it will help optimize the Company's asset-liability structure and enhance its continuous operation and profitability. If the restructuring fails, the Company will be at risk of being declared bankrupt. If the Company is declared bankrupt, according to the relevant provisions of the "Shenzhen Stock Exchange Stock Listing Rules," the Company's stock will face the risk of termination of listing. Investors are kindly advised to pay attention to investment risks. I. Situation of Court Appointing Pre-Restructuring Assistance Agency On April 20, 2026, the Xinzhou Court decided to conduct pre-restructuring for Tongde Chemical. On May 6, 2026, the Xinzhou Court appointed the liquidation committee of Shanxi Tongde Chemical Co., Ltd. as the pre-restructuring assistance agency for Tongde Chemical. II. Impact of Court Appointing Pre-Restructuring Assistance Agency on the Company After the Court appoints the pre-restructuring assistance agency, the Company will actively cooperate with the pre-restructuring assistance agency to carry out pre-restructuring related work, fulfill the Company's obligations as the pre-restructuring entity under the supervision of the pre-restructuring assistance agency, properly decide on business and internal management matters, continue to fulfill information disclosure obligations, and protect the legitimate rights and interests of all parties in accordance with the law. III. Risk Warning (I) It remains uncertain whether the Company will subsequently enter into restructuring proceedings. If the Court rules to accept the Company's restructuring application, the Company will cooperate with the Court and the administrator in carrying out the relevant restructuring work and fulfill its legal obligations as a debtor. According to the relevant provisions of the "Shenzhen Stock Exchange Stock Listing Rules," after the Court accepts the restructuring application, the Shenzhen Stock Exchange will implement a delisting risk warning on the Company's stock. Investors are kindly advised to pay attention to investment risks. (II) If the Company subsequently enters into restructuring proceedings and the restructuring is successfully completed, it will help optimize the Company's asset-liability structure and enhance its continuous operation and profitability. If the restructuring fails, the Company will be at risk of being declared bankrupt. If the Company is declared bankrupt, according to the relevant provisions of the "Shenzhen Stock Exchange Stock Listing Rules," the Company's stock will face the risk of termination of listing. Investors are kindly advised to pay attention to investment risks. The information disclosure media selected by the Company are "Securities Times," "Shanghai Securities News," and the Giant Information Network (www.cninfo.com.cn). All information of the Company shall be subject to the information disclosed in the aforementioned media. Given the significant uncertainty of this matter, the Company and the Board of Directors hereby remind investors to pay attention to the Company's announcements, make prudent decisions, and be aware of investment risks. IV. Documents for Inspection
- "Decision of the Intermediate People's Court of Xinzhou City, Shanxi Province" [(2026) Jin 09 Po Shen (Pre) No. 1] Hereby announced. Shanxi Tongde Chemical Co., Ltd. Board of Directors May 7, 2026