*ST Xifa announced that there have been new developments in the two lawsuits. In the Tibetan 01 Minchu case No. 10, Carlsberg International withdrew the appeal, and the first instance judgment came into effect, and the processing fee for the second trial was borne; in the Tibetan Final Case No. 26, both parties applied to lift the protective measures against the company's supervisory account and were approved by the court. This lawsuit does not directly affect current profits. Furthermore, the company has already entered the restructuring process. If the restructuring fails and is declared bankrupt, the company's stock will face the risk of termination of listing.

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