ST Xinhua Brocade: Shanghai Lizhi no longer consolidated from April 1

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ST Xinhua Brocade announced that because the management of its controlling subsidiary Shanghai Lizhi Industrial Co., Ltd. did not cooperate with the preparation of the 2026 semi-annual report, the company was unable to obtain complete financial information for the subsidiary, and has decided that Shanghai Lizhi will no longer be included in the consolidated financial statements starting from April 1, 2026. The company said that its other business segments are relatively independent from Shanghai Lizhi's business, and this matter will not have a material impact on the operation and development of its other businesses.

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上海荔之实业有限公司Private▼ Negative
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Its management's non-cooperation with the 2026 semi-annual report led to its deconsolidation from ST Xinhua Brocade's financial statements.

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