*ST Xifa (000752.SZ): The company's restructuring plan was approved by a court ruling

Zhitong Finance App News, *ST Xifa (000752.SZ) issued an announcement. On November 11, 2026, the company received the “Civil Ruling” (2026) Tibet 01 to break 1 bis from the Lhasa Intermediate People's Court. The Lhasa Intermediate Court ruled to approve the “Tibet Development Co., Ltd. Reorganization Plan” and terminated the Tibet Development and Reorganization Process.

After the Lhasa Intermediate Court rules and approves the restructuring plan, the company will enter the implementation stage of the restructuring plan. The company is responsible for implementing the restructuring plan, and the manager is responsible for supervising the execution of the restructuring plan. If the company successfully implements the restructuring and completes the restructuring plan, it will help improve the company's balance and liability structure, improve the company's ability to operate continuously, and help the company achieve sustainable development. This matter will have a significant impact on the company's relevant financial indicators.