*ST Wingtech announced that in the infringement dispute between the company and its subsidiary Yucheng Holdings and Ruben Everard Gerard Lichtenberg, the Dongguan Intermediate Court issued a property preservation ruling to seal, seize, and freeze the equivalent assets of 2,139 billion yuan under the names of the respondents' Anshi Co., Ltd. and Antech Co., Ltd. The court has frozen the shares of 4 domestic subsidiaries held by Anshi Co., Ltd. and the shares of 1 domestic subsidiary held by Antai Co., Ltd., for a period of 3 years. The company claimed compensation of 8 billion yuan in this case. No court hearing has yet been held. There is uncertainty about the outcome of the lawsuit, and the impact on the company's profits cannot yet be predicted.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.