ST Dongshi: The arbitration case involving 1.22 billion yuan is currently in the trial stage.

date
05/12/2025
ST Dongshi announced that the company has filed for arbitration with the Beijing Arbitration Commission due to contract disputes with 9 respondents including Shenxian Tianhuayuhong, involving a total amount of 122 million yuan. The case is currently in the trial stage. As of July 31, 2025, the respondents still owe performance compensation of 65.9893 million yuan, interest of 3.0607 million yuan, and liquidated damages of 52.6745 million yuan. In addition, as of the disclosure date of the announcement, the company and its subsidiaries have accumulated 9 new lawsuits in the past twelve months, involving a total principal amount of 129 million yuan, accounting for 13.95% of the recently audited net assets. The company also faces risks such as pre-reorganization, delisting, and investigation.