ST Xuelang announced that the company has received the “Notice of Enforcement” and “Enforcement Ruling” served by the Suzhou court, and that the financial loan contract dispute between the Bank of Suzhou and the company has already entered the execution procedure. The ruling frozen and withheld the company's bank deposits of 497.13,600 yuan, the insufficient amount of bank deposits, and the seizure and freezing of other assets of corresponding value under the name. As of the disclosure date of the announcement, the court had accumulated plans to deduct 287.682 million yuan in cash from the company's bank account. Furthermore, the total amount of lawsuits and arbitration matters not disclosed by the company for 12 consecutive months was 486,300 yuan, accounting for 1.55% of the most recent audited net assets.

ST Xuelang announced that the company has received the “Notice of Enforcement” and “Enforcement Ruling” served by the Suzhou court, and that the financial loan contract dispute between the Bank of Suzhou and the company has already entered the execution procedure. The ruling frozen and withheld the company's bank deposits of 497.13,600 yuan, the insufficient amount of bank deposits, and the seizure and freezing of other assets of corresponding value under the name. As of the disclosure date of the announcement, the court had accumulated plans to deduct 287.682 million yuan in cash from the company's bank account. Furthermore, the total amount of lawsuits and arbitration matters not disclosed by the company for 12 consecutive months was 486,300 yuan, accounting for 1.55% of the most recent audited net assets.