*ST Xifa announced that the Lhasa Intermediate Court accepted the creditors' application for restructuring the company on April 24, 2026, and CGN Capital Holdings Co., Ltd. filed a lawsuit to confirm ordinary bankruptcy claims involving an amount of 308 million yuan due to objections to the claims recorded in the statement of claims. Recently, the company received a civil ruling from the Lhasa Intermediate Court. The plaintiff, CGN Capital Holdings Co., Ltd., applied to withdraw the lawsuit, and the court has already ruled for permission. The withdrawal of the lawsuit will not affect the company's financial position. The company has already entered the restructuring process. If the restructuring fails and is declared bankrupt, the stock will face the risk of terminating its listing.

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