ST Jinggu: Due to multiple civil lending disputes, all 12 bank accounts of the subsidiary Huinyin Wood Industry have been frozen, and the time for resuming work and production cannot be predicted.

On December 2nd, ST Jinggu disclosed a progress announcement regarding the litigation involving its controlling subsidiary. The announcement stated that the company's subsidiary, Huiyin Wood Industry, is involved in a civil lending dispute that is currently in litigation. The case has been accepted by the court, but a trial date has not yet been set. Huiyin Wood Industry and its former controlling shareholders Wang Lancun and Cui Huijun are defendants in the case, with the disputed amount totaling 10.8 million RMB in principal plus corresponding interest. Due to multiple civil lending disputes and other factors, all 12 of Huiyin Wood Industry's bank accounts have been frozen by the court. The two production lines for fiberboard and chipboard are currently shut down, and it is uncertain when production will resume, which will have a negative impact on the company's operations. Additionally, according to the company's third-quarter report for 2025, its operating performance continued to decline, and there is significant uncertainty regarding its continued operations.