ST Baling announced that the company's shares have been subject to other risk warnings since July 2, 2020 due to the illegal guarantee matters of Hainan Hongtian, a former second-tier holding subsidiary. As of the date of disclosure of the announcement, the relevant matters have progressed as follows: the 170 million yuan pledge contract dispute case has been implemented and concluded, with a total of 103 million yuan; the 146 million yuan deposit pledge contract dispute case has been finally won, has applied for enforcement, and no repayment has yet been received; the second trial of the 150 million yuan deposit pledge contract dispute case upheld the dismissal of the lawsuit and an application for retrial has been submitted. Currently, issues left over from history related to illegal guarantees have not been addressed, and the company's stock has not yet met the conditions for withdrawing other risk warnings.

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