*ST中装：重整计划执行后公司股价存在向下除权调整的风险

Core Viewpoint - The company has entered the execution phase of its restructuring plan, approved by the Shenzhen Intermediate People's Court on December 18, 2025, indicating significant changes in its financial structure and potential risks to its stock price [1] Group 1 - The restructuring plan includes a capital reserve conversion to increase the company's share capital, with a total of 9.9 billion shares to be issued, raising the total share capital to 19.5 billion shares [1] - The conversion ratio is set at approximately 10.31 shares for every 10 shares held, based on a total share count of 960 million shares as of September 19, 2025 [1] - There is an anticipated risk of downward adjustment in the company's stock price due to the restructuring plan [1]