ST Communications announced that the cumulative daily closing price drop deviation value of the company's stock exceeded 20% for 3 consecutive trading days from July 20 to 22, 2026, which was an abnormal fluctuation. In the first quarter of 2026, the company achieved revenue of 459 million yuan, and net profit attributable to the owners of the parent company was a net loss of 498.494 million yuan. Due to the controlling shareholder's illegal guarantee, the balance of the executed assets of 110 million yuan has not been settled. Two other illegal guarantee cases have applied for resumption of execution, involving a principal amount of 283 million yuan. Furthermore, as of the announcement date, Courtyard Investment's shares have been reduced by 1.4023 million shares, accounting for 0.22% of the company's total share capital.

ST Communications announced that the cumulative daily closing price drop deviation value of the company's stock exceeded 20% for 3 consecutive trading days from July 20 to 22, 2026, which was an abnormal fluctuation. In the first quarter of 2026, the company achieved revenue of 459 million yuan, and net profit attributable to the owners of the parent company was a net loss of 498.494 million yuan. Due to the controlling shareholder's illegal guarantee, the balance of the executed assets of 110 million yuan has not been settled. Two other illegal guarantee cases have applied for resumption of execution, involving a principal amount of 283 million yuan. Furthermore, as of the announcement date, Courtyard Investment's shares have been reduced by 1.4023 million shares, accounting for 0.22% of the company's total share capital.