ST Miki announced that some of the debts of the company and its subsidiaries Miki C&D and Fuzhou Light Industry have recently overdue. Guangfa Bank owes 310,000 yuan in interest on loans of 35 million yuan; SPD Bank, Miki Construction and Development Bank's 60.8 million yuan loan principal and interest of 756,600 yuan have not been paid, and Fuzhou Light Industry has not made up a security deposit of 21.1264 million yuan. The total principal and interest on overdue guaranteed debt was $82.993 million, accounting for 68.79% of the most recent audited net assets. As of August 7, the company's overdue guarantee amount was 345 million yuan, accounting for 285.56%. The company is urging its subsidiaries to settle their debts.

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