*ST Sanfang: Partial Production Unit of Wholly-Owned Subsidiary Suspended for Maintenance. *ST Sanfang issued an abnormal trading announcement stating that the company's stock price deviated by more than 12% cumulatively over three consecutive trading days (April 30, May 6, and May 7, 2026), constituting an abnormal stock trading fluctuation. All shares held by the company's controlling shareholder, Sanfangxiang Group Co., Ltd., and its concerted party, Jiangsu Sanfangxiang International Trade Co., Ltd., have been pledged and judicially frozen. The third-phase 3.2 million-ton-per-year PTA production unit of Jiangsu Hailun Petrochemical Co., Ltd. is undergoing routine maintenance shutdown according to the annual plan. A total of RMB 367,515,900 in debt guaranteed by the company for its subsidiaries and between subsidiaries has not been repaid on time, accounting for 7.62% of the company's latest audited net assets. The total overdue principal and interest of the company's subsidiaries amount to RMB 530,945,700, accounting for 11.00% of the company's latest audited net assets.
