ST Lianguang announced that the company and its two wholly-owned subsidiaries have recently received 3 “Shareholder Inquiry Letters” from the China Securities Small and Medium Investors Service Center to raise questions on capital occupation resolution matters. The company has already responded to related issues. After self-investigation, the company's subsidiary suspected that the controlling shareholder and actual controller had taken up non-operating capital through prepaid purchases of copper trading. The total principal balance occupied by the controlling shareholder and actual controller was 1,692 billion yuan as of the reply date. The total interest rate from April 1 was 297.614 million yuan, tentatively calculated at 3% of the one-year LPR. The principal balance had not changed and the amount was not repaid. Currently, the controlling shareholder is in debt crisis. No full settlement assets have been found that can be effectively executed, and the settlement plan has not yet been clarified. The company has suspended related business and improved the internal control system. The board of directors reviewed and passed a bill to file a lawsuit against the controlling shareholder and actual controller. Currently, the lawsuit is still in the planning stage. The company has taken measures to hold the actual controller to resign as president and deduct annual performance pay, and the Securities Regulatory Commission has opened an investigation against the company and the actual controller.

ST Lianguang announced that the company and its two wholly-owned subsidiaries have recently received 3 “Shareholder Inquiry Letters” from the China Securities Small and Medium Investors Service Center to raise questions on capital occupation resolution matters. The company has already responded to related issues. After self-investigation, the company's subsidiary suspected that the controlling shareholder and actual controller had taken up non-operating capital through prepaid purchases of copper trading. The total principal balance occupied by the controlling shareholder and actual controller was 1,692 billion yuan as of the reply date. The total interest rate from April 1 was 297.614 million yuan, tentatively calculated at 3% of the one-year LPR. The principal balance had not changed and the amount was not repaid. Currently, the controlling shareholder is in debt crisis. No full settlement assets have been found that can be effectively executed, and the settlement plan has not yet been clarified. The company has suspended related business and improved the internal control system. The board of directors reviewed and passed a bill to file a lawsuit against the controlling shareholder and actual controller. Currently, the lawsuit is still in the planning stage. The company has taken measures to hold the actual controller to resign as president and deduct annual performance pay, and the Securities Regulatory Commission has opened an investigation against the company and the actual controller.