*ST Xifa announced that on November 11, 2026, the company received the “Civil Ruling” served by the Lhasa Intermediate People's Court, ruling to approve the “Tibet Development Co., Ltd. Reorganization Plan” and terminate the company's restructuring process. Previously, the company's restructuring plan and the funders' rights adjustment plan had been reviewed and approved by the second creditors' meeting and the funders' group meeting respectively. After approval by the court ruling, the company will enter the execution stage of the restructuring plan, and the manager is responsible for supervising the execution.

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