ST Ruihe: Publicly recruiting and selecting restructuring investors

ST Ruihe Announcement: The company disclosed its performance forecast for the year 2025 on January 30, 2026, expecting a negative net asset value and negative net profit at year-end. If the audited net assets at the end of 2025 are negative, the company’s stock will be subject to delisting risk warning. To lawfully and orderly advance the pre-restructuring and subsequent restructuring work and protect the legitimate rights and interests of all parties, the company has decided to publicly recruit and select restructuring investors. Recruitment will only accept applications from industrial investors and will not accept consortiums of investors or purely financial investors. The application period is from the date of the announcement until 17:00 on April 9, 2026. Interested investors must possess asset scale and financial strength commensurate with this restructuring investment, and the source of funds must be certain and compliant with legal regulations. Interested investors must have consolidated financial statements for the last three years (2023, 2024, 2025) with net assets of no less than 500 million yuan, a debt-to-asset ratio of no more than 50%, and paid-in capital of no less than 50 million yuan.