*ST Chunxing announced that Yuansheng Zhihui, the holding subsidiary of the company, received a decision from the Fuzhou Arbitration Commission to allow Dingsheng Investment to withdraw the arbitration application against Yuansheng Zhihui and Xiancai SDIC on matters such as rent. The total processing and processing fees for this case were borne by the applicant. The amount involved in the arbitration was about 458.905 million yuan, and the applicant's withdrawal of the ruling will not adversely affect the company's current and subsequent profits. Up to now, the total amount of unsettled lawsuits and arbitration cases involving the company and its subsidiaries has exceeded 100% of the company's 2025 audited net assets. Some assets and bank accounts have been sealed and frozen, and there are judicial enforcement and liquidity risks.

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.