ST Xuelang announced that the company received three first-instance verdicts from the People's Court of Liangxi District of Wuxi City against Everbright Bank's Wuxi branch in a financial loan contract dispute between the company and its subsidiaries. The first instance verdict involved an amount of 204 million yuan. As the defendant, the company is jointly and severally liable for the debts of the two subsidiaries. At the same time, it must repay the principal and interest of the corresponding loans and pay lawyers' fees. Some of the debts are entitled to priority payment rights for pledged equity and real estate mortgages. Currently, the judgment has not yet entered into force, and the appeal period is still pending. There is uncertainty about the final outcome and impact on the company's profits. In addition, the company has accumulated a total of 4.317,600 yuan in undisclosed small claims lawsuits over 12 consecutive months, accounting for 13.80% of the latest audited net assets. There is still uncertainty about whether the company can officially accept the pre-restructuring and filing.

ST Xuelang announced that the company received three first-instance verdicts from the People's Court of Liangxi District of Wuxi City against Everbright Bank's Wuxi branch in a financial loan contract dispute between the company and its subsidiaries. The first instance verdict involved an amount of 204 million yuan. As the defendant, the company is jointly and severally liable for the debts of the two subsidiaries. At the same time, it must repay the principal and interest of the corresponding loans and pay lawyers' fees. Some of the debts are entitled to priority payment rights for pledged equity and real estate mortgages. Currently, the judgment has not yet entered into force and is still pending appeal. There is uncertainty about the final outcome and impact on the company's profits. In addition, the company has accumulated a total of 4.317,600 yuan in undisclosed small claims lawsuits over 12 consecutive months, accounting for 13.80% of the latest audited net assets. There is still uncertainty about whether the company can officially accept the pre-restructuring and filing.