ST Joint Venture announced that due to internal control in 2024, the company's shares were issued with negative audit reports, major bank accounts were frozen, and other risk warnings were implemented successively and in combination with other risk warnings. At present, the impact of negative internal control opinions in 2024 has been eliminated, and an unqualified opinion was issued with emphasis on matters in 2025. As of the disclosure date of the announcement, the company's main bank accounts are still frozen. It is currently communicating with the relevant courts to request the lifting of the freeze on some accounts, while promoting accounts receivable collection and other work to improve cash flow. Furthermore, the company received a notice of filing of the case from the Securities Regulatory Commission on October 30, 2026, and no relevant concluding comments have been received so far.

ST Joint Venture announced that due to internal control in 2024, the company's shares were issued with negative audit reports, major bank accounts were frozen, and other risk warnings were implemented successively and in combination with other risk warnings. At present, the impact of negative internal control opinions in 2024 has been eliminated, and an unqualified opinion was issued with emphasis on matters in 2025. As of the disclosure date of the announcement, the company's main bank accounts are still frozen. It is currently communicating with the relevant courts to request the lifting of the freeze on some accounts, while promoting accounts receivable collection and other work to improve cash flow. Furthermore, the company received a notice of filing of the case from the Securities Regulatory Commission on October 30, 2026, and no relevant concluding comments have been received so far.