ST Nandu announced that the company, its wholly-owned subsidiary Nandu Hongxin, and Anhui Huabo, a wholly-owned subsidiary, received a first judgment from the Fuyang Intermediate Court on a financial loan contract dispute: Anhui Huabo needed to repay the two loan principal amounts totaling 145 million yuan and corresponding interest and penalty interest. The company, Nandu Hongxin, etc. were jointly and severally liable for settlement; case handling fees and maintenance costs were borne by Anhui Huabo. The company has now appealed the ruling, and there is uncertainty about the final outcome of the appeal. As of the disclosure date of the announcement, there were 22 other lawsuits and arbitrations involving the company and its holding subsidiaries that did not meet the disclosure standards. The total amount involved was RMB 29.0564 million, accounting for 2.06% of the most recent audited net assets.

ST Nandu announced that the company, its wholly-owned subsidiary Nandu Hongxin, and Anhui Huabo, a wholly-owned subsidiary, received a first judgment from the Fuyang Intermediate Court on a financial loan contract dispute: Anhui Huabo needed to repay the two loan principal amounts totaling 145 million yuan and corresponding interest and penalty interest. The company, Nandu Hongxin, etc. were jointly and severally liable for settlement; case handling fees and maintenance costs were borne by Anhui Huabo. The company has now appealed the ruling, and there is uncertainty about the final outcome of the appeal. As of the disclosure date of the announcement, there were 22 other lawsuits and arbitrations involving the company and its holding subsidiaries that did not meet the disclosure standards. The total amount involved was RMB 29.0564 million, accounting for 2.06% of the most recent audited net assets.