*ST Mubang announced that on July 17, 20, and 21, 2026, the closing price deviation value of the company's A-share shares totaled 20% for three consecutive trading days, which was an abnormal fluctuation. After self-inspection, apart from the pre-restructuring matters that have already been disclosed, no important information should have been disclosed. Currently, production and operation are normal. There is uncertainty about the company's application to withdraw the delisting risk warning and entering the restructuring process. The net assets at the end of the 2026 semi-year period may be negative. If the net assets at the end of the 2026 audited period are negative, stocks will be subject to a delisting risk warning to remind investors to be aware of the risks.

*ST Mubang announced that on July 17, 20, and 21, 2026, the closing price deviation value of the company's A-share shares totaled 20% for three consecutive trading days, which was an abnormal fluctuation. After self-inspection, apart from the pre-restructuring matters that have already been disclosed, no important information should have been disclosed. Currently, production and operation are normal. There is uncertainty about the company's application to withdraw the delisting risk warning and entering the restructuring process. The net assets at the end of the 2026 semi-year period may be negative. If the net assets at the end of the 2026 audited period are negative, stocks will be subject to a delisting risk warning to remind investors to be aware of the risks.