ST Jingfeng announced that the company has received a decision from the Changde Intermediate People's Court to initiate a pre-restructuring procedure for a period of three months, which can be extended by one month. The purpose of the pre-restructuring is to improve the efficiency and feasibility of subsequent restructuring work. As of the announcement disclosure date, the company has not received any legal documents from the court regarding entering the restructuring process, and there is uncertainty as to whether the pre-restructuring can be successful and whether the court will rule to accept the company into the restructuring process.