Zhitong Finance App News, *ST Mubang (603398.SH) issued an announcement. On November 18, 2025, the Nanchang Intermediate People's Court of Jiangxi Province decided to initiate pre-restructuring of the company and appointed Beijing Jindu (Shenzhen) Law Firm as the temporary manager of Mubang Hi-Tech's pre-restructuring, which is specifically responsible for all pre-restructuring tasks.

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