ST Yigou announced that it recently received a "Notice" from its shareholders, Suning Appliance Group Co., Ltd. and Suning Holdings Group Co., Ltd., stating that the aforementioned shareholders had received a "Civil Ruling" served by the Nanjing Intermediate People's Court of Jiangsu Province. Pursuant to Article 86, Paragraph 2 of the Enterprise Bankruptcy Law of the People’s Republic of China, the Nanjing Intermediate Court ruled to approve the reorganization plan of Suning Appliance Group Co., Ltd. and 37 other companies and to terminate the substantive consolidation reorganization proceedings. According to the "Reorganization Plan" approved by the Nanjing Intermediate Court, 100% of the equity in Suning Appliance Group Co., Ltd. (including its 1.40% stake in Suning.com), 100% of the equity in Suning Holding Group Co., Ltd. (including its 2.75% stake in Suning.com) will be injected into the Reorganization Service Trust. The administrator will publicly solicit and organize an evaluation committee to select and determine a trust company in accordance with the law. The execution period of the Reorganization Plan is 36 months from the date of the court’s ruling approving it; The shares of Suning.com held by Suning Appliance Group Co., Ltd. and Suning Holdings Group Co., Ltd. shall not be disposed of within three years from the date of approval of the "Restructuring Plan."