ST Tongde announced that the company and its wholly-owned subsidiary Tongde broke up a financial loan contract dispute between Tongde Kechuang and the Taiyuan branch of the Bank of Shanxi recently received a final judgment from the Taiyuan Intermediate People's Court, which rejected the appeal and upheld the original judgment. The first instance ruled that the company repaid the loan amount of 94 million yuan, interest of 792 million yuan, penalties of 1.3693 million yuan, compound interest of 21,600 yuan, and subsequent penalties and compound interest until the settlement date; the handling fee for the second instance case was borne by the company of 1,050 yuan. This judgment is final and will not have a significant impact on the company's current or future profits.

ST Tongde announced that the company and its wholly-owned subsidiary Tongde broke up a financial loan contract dispute between Tongde Kechuang and the Taiyuan branch of the Bank of Shanxi recently received a final judgment from the Taiyuan Intermediate People's Court, which rejected the appeal and upheld the original judgment. The first instance ruled that the company repaid the loan amount of 94 million yuan, interest of 792 million yuan, penalties of 1.3693 million yuan, compound interest of 21,600 yuan, and subsequent penalties and compound interest until the settlement date; the handling fee for the second instance case was borne by the company of 1,050 yuan. This judgment is final and will not have a significant impact on the company's current or future profits.