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ST Dongshi announced that the company was filed for bankruptcy and restructuring by creditor Beijing Guofeng Construction Engineering Co., Ltd., and the Beijing First Intermediate Court decided to start pre-restructuring the company and appoint a temporary manager on July 10, 2025. Currently, the company is cooperating with the temporary manager to carry out various pre-restructuring tasks. It has not yet received relevant legal documents from the court to enter into the restructuring process, and there is uncertainty about whether it can enter into the formal restructuring process in the future. If the court accepts the restructuring application according to law, the company's shares will be subject to a delisting risk warning. Furthermore, the “Eastern Time Transfer Bonds” expired on April 8, 2026, and the company's current monetary funds are unable to pay its principal and interest.
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ST Dongshi announced that the company was filed for bankruptcy and restructuring by creditor Beijing Guofeng Construction Engineering Co., Ltd., and the Beijing First Intermediate Court decided to start pre-restructuring the company and appoint a temporary manager on July 10, 2025. Currently, the company is cooperating with the temporary manager to carry out various pre-restructuring tasks. It has not yet received relevant legal documents from the court to enter into the restructuring process, and there is uncertainty about whether it can enter into the formal restructuring process in the future. If the court accepts the restructuring application according to law, the company's shares will be subject to a delisting risk warning. Furthermore, the “Eastern Time Transfer Bonds” expired on April 8, 2026, and the company's current monetary funds are unable to pay its principal and interest.
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