*ST Xifa announced that Lhasa Beer has completed industrial and commercial registration changes including shareholder change, and industrial and commercial information shows that Tibet Development holds 100% of its equity. As of the announcement date, the equity transaction price has not yet been paid, and procedures such as tax withholding and remittance and payment of the transaction price to Carlsberg International still need to be completed. Because the company has been ruled to accept restructuring, its shares have been subject to a delisting risk warning since April 28, 2026. If the restructuring fails and the company is declared bankrupt, it will face the risk of being terminated from listing. Currently, *ST Xifa is in a critical period of restructuring. On August 5, Carlsberg International withdrew its appeal, which involved requesting the court to order Tibet Development to return 95 million yuan in dividends to Lhasa Beer and pay 95 million yuan in capital occupation fees. At the same time, Tibet Development reached a mediation with Carlsberg International and Tibet Daohe Industrial Co., Ltd., and the regulatory account funds previously frozen by the court due to the purchase of 50% equity of Lhasa Beer were successfully unfrozen.
Carlsberg A/S BTibet Galaxy Science & Technology Development Co LtdRestructuring progress and delisting risk affect the company's fate.
Equity change completed but payment pending, restructuring risk remains.
