ST Yedao announced that Hengxin Company, a wholly-owned subsidiary, cooperated with Tianfu Company in oil trade and was sued for not shipping. The court ordered Hengxin to return the purchase price of about 9 million yuan, etc. On August 11, 2026, the board of directors of the company agreed to sign a “settlement agreement” between Hengxin Company and Tianfu Company to pay off the debt of 9 million yuan with alcohol products. The debt restructuring is expected to achieve a profit of about 6 million yuan. The details are subject to the audit. There is still a risk of compliance with subsequent execution.

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