*ST Tianyu announced that in October 2025, the company and Shuitian Investment decided to remove it from Changyu Investment and dissolve the enterprise due to Zhongke Hongzhang's violation of regulations to carry out liquidation activities. In December of the same year, Zhongke Hongzhang sued to confirm that the delisting resolution was invalid. Recently, the company received a “Civil Ruling” from the court. The court ruled to dismiss the lawsuit due to the plaintiff's lack of eligibility requirements and not meeting the legal requirements for admissibility. As of the disclosure date of the announcement, Changyu's investment liquidation activities were still ongoing.

*ST Tianyu announced that in October 2025, the company and Shuitian Investment decided to remove it from Changyu Investment and dissolve the enterprise due to Zhongke Hongzhang's violation of regulations to carry out liquidation activities. In December of the same year, Zhongke Hongzhang sued to confirm that the delisting resolution was invalid. Recently, the company received a “Civil Ruling” from the court. The court ruled to dismiss the lawsuit due to the plaintiff's lack of eligibility requirements and not meeting the legal requirements for admissibility. As of the disclosure date of the announcement, Changyu's investment liquidation activities were still ongoing.