*ST Mubang announced that the first judicial auction of the assets under the name of Bangbao Yizhi, a wholly-owned subsidiary of the company, had already been auctioned off due to no bidders. The Anyi court will conduct a second public auction of the underlying assets on the Taobao Judicial Auction online platform from 10:00 on November 2 to 10:00 on November 3, 2026. The total assessed price of the target was 149 million yuan, and the total starting price of the second auction was 83.4762 million yuan. This auction was due to a financial loan contract dispute, and there is uncertainty about the auction results. Furthermore, there is significant uncertainty about whether the company can enter the restructuring process. As of the end of June 2026, the net assets returned to the mother were -74.75,800 yuan. If the net assets were negative at the end of 2026, a delisting risk warning will be implemented.

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