ST Changfang announced that due to tight liquidity, the company added two new overdue debts. The creditors were Jiangxi Xinzhuo Technology and Jiangxi Hongzhen Technology. The maturity dates were July 12 and July 15, 2026, respectively, with a total overdue amount of 35 million yuan. As of the date of disclosure of the announcement, the total amount of overdue company debt was 322 million yuan, accounting for 351.63% of the 2025 audited net assets. The company may bear penalties and penalties, and faces the risk of litigation and arbitration. It is communicating with creditors to resolve debts and step up efforts to collect accounts receivable.

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