• Charles & Colvard completed a court-approved sale of specified business assets to AJS Creations for USD 2.7 million.
• The deal closed following Bankruptcy Court approval on July 1, 2026, under a Chapter 11 process.
• The prior stalking-horse asset purchase agreement with Jewelry Design Partners was terminated upon closing.
• A breakup fee of USD 45,000 was paid to Jewelry Design Partners.
• Light & Star USA was named the back-up bidder at the June 22, 2026 auction.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Charles & Colvard Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-081852), on July 08, 2026, and is solely responsible for the information contained therein.