ST Communications announced that the company still has other risk warning situations as stipulated in section 9.8.1 of the “Shanghai Stock Exchange Stock Listing Rules”, and stocks continue to be subject to other risk warnings. The company's lawsuit caused by the controlling shareholder Yiyang Group's illegal guarantee was judicially deducted and settled with a balance of 110 million yuan. The controlling shareholder has not settled, and the indirect controlling shareholder Hesheng Group has failed to fulfill the full settlement promise. Both have been ordered to be corrected by the Heilongjiang Securities Regulatory Bureau, and the occupied capital must be repaid within six months. The total principal amount involved in the two cases involving illegal guarantees was 283 million yuan, and the company has applied for an objection to the resumption of execution. The company will disclose relevant progress every month, and production and operation are currently normal.

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