*ST Bangjie announced that the company had previously reached a settlement with the Suzhou Industrial Park Branch of Agricultural Bank of China Co., Ltd., due to the default loan contract of the holding subsidiary Bangjie New Energy. Recently, the case entered the execution stage. The court ruled to freeze and withhold bank deposits of RMB 483.305,500 of the company and related subsidiaries, and freeze Bangjie New Energy's claims receivable against the company, limited to RMB 48.21,800.

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