ST Meike: A significant lawsuit involving 185 million yuan has been filed and awaits trial.
ST Meike announced that the company recently received a civil lawsuit from the Intermediate People's Court of Urumqi. The plaintiff is the Xinjiang Uygur Autonomous Region Branch of the Export-Import Bank of China, and the company is the defendant. The subject of this lawsuit is provisionally estimated at 185 million yuan, and the case is currently in the stage of having been filed and awaiting trial. As of the announcement, the Japanese case has not officially been heard, and it is currently impossible to determine the impact on the company's profits for this period or future periods. Since 2026, the company has disclosed several financial and sales contract dispute litigations that have made recent progress, with some cases having reached effective judgments or entered enforcement procedures. The company is currently undergoing a pre-restructuring process, and the relevant claims involved in the case have been registered by creditors with the pre-restructuring assisting institution.
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