Announcement on Company's New Debt Defaults

ST Changfang Co., Ltd.·June 12, 2026·2 pages

✨ AI Summary

Shenzhen Changfang Group Co., Ltd. announces new debt defaults due to tight cash flow, totaling RMB 286.5 million, representing 313.35% of its 2025 audited net assets. The company is negotiating with creditors for extensions and repayment plans and is pursuing an out-of-court restructuring to resolve its debt crisis. Investors are advised to be aware of investment risks.

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Full Translation

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Securities Code: 300301

Securities Abbreviation: ST Changfang

Announcement Number: 2026-047

Shenzhen Changfang Group Co., Ltd.

Announcement on Company's New Debt Defaults

The Company and all members of its Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or major omissions.

1. Details of Current Debt Defaults

Shenzhen Changfang Group Co., Ltd. (hereinafter referred to as "Changfang Group" or "the Company") is experiencing tight working capital, resulting in new debt defaults. The details are as follows:

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