ST Meike: Some of the company and its subsidiaries' debt has reached 1.194 billion yuan.

ST Meik announced that due to multiple factors, the company has been continuously losing money since 2022, leading to some debts becoming overdue. As of now, the company and its subsidiaries have a total of 1.194 billion yuan in due interest-bearing financial debts and commercial acceptance bills, accounting for 192.45% of the latest audited net assets attributable to shareholders of the listed company. Among them, there has been an additional 100 million yuan in overdue financial debts since July 3rd. Tianjin Meik and Tianjin Processing have entered bankruptcy liquidation procedures. After excluding their overdue debts, the company and its subsidiaries have 1.074 billion yuan in due unpaid debts, accounting for 173.09%. The company is currently advancing pre-reorganization and negotiating solutions with financial institutions. If the overdue issues are not resolved, the company will face multiple risks.