Announcement on New Debt Defaults of the Company

ST Changfang Co., Ltd.·July 15, 2026·2 pages

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Shenzhen Changfang Group Co., Ltd. announces new debt defaults due to tight working capital. The company has overdue debts totaling RMB 35 million, with total overdue debt reaching RMB 321.5 million, representing 351.63% of its audited net assets in 2025. The company is negotiating with creditors for extensions and repayment adjustments and is pursuing an out-of-court restructuring.

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Securities Code: 300301

Securities Abbreviation: ST Changfang

Announcement Number: 2026-050

Shenzhen Changfang Group Co., Ltd.

Announcement on New Debt Defaults of the Company

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

I. Situation of Current Debt Defaults

Shenzhen Changfang Group Co., Ltd. (hereinafter referred to as "Changfang Group" or "the Company") has recently incurred new debt defaults due to tight working capital. The details are as follows:

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