Gelonghui May 22| *ST Xifa Announcementpubgdoritos, the company received the Decision of the Intermediate People's Court of Lhasa City, Tibet Autonomous Region (2023) Zang 01 Poshen No. 4pubgdoritos, the main contents are as follows: "The court believes that the temporary manager's proposal to postpone the development of Xizang due to historical issues is complex and some debts involve historical issues is legitimate. In order to effectively safeguard the operating value of the company, safeguard the legitimate rights and interests of creditors, and improve the efficiency and effectiveness of reorganization, it was decided to extend the pre-reorganization of the development of Xizang by one month, that is, from May 26, 2024 to June 25, 2024." As of now, the company is still continuing to cooperate with the Lhasa Intermediate People's Court and the temporary manager to carry out pre-reorganization related work in accordance with the law.
