According to Zhitong Finance APP, *ST Hongyang (000525.SZ) announced that on December 6, 2024, the company received the (2024) Su 01 Bankruptcy No. 20-3 "Civil Ruling" from the Nanjing Intermediate People's Court, confirming the completion of the company's restructuring plan and concluding the company's restructuring process.

Through the restructuring process, the company introduced restructuring investors and sought creditor support, effectively resolving the debt crisis and completely addressing historical issues such as fund occupation and performance compensation. The completion of the company's restructuring plan has greatly improved the company's asset and liability structure and maximized the protection of all creditors' legal rights and interests. This restructuring is expected to have a positive impact on the company's net assets, net income, and other financial conditions in 2024, with specific amounts based on the audited financial statements for 2024. After the restructuring is completed, the company will continue to cooperate with strategic investors and other relevant parties to integrate high-quality resources, effectively enhance the company's core competitiveness and profitability, return to a sound development track, and further increase the company's value.