ST Bailey announced that the first instance of the financial loan contract dispute involving the company and Yueyang Branch of the Bank of Communications has already been decided. The company, as the defendant, must repay the loan principal, interest and compound interest totaling 248 million yuan, and pay 60,000 yuan in legal fees; if not carried out on schedule, the plaintiff has the right to preferential compensation for the company and related property under the name of Wuhan Refining and Chemical within the corresponding maximum limit. Wang Hairong, Wang Lixia, Wang Liyan, Wuhan Refining and Chemical, and Baili Lithium Battery are jointly and severally liable within a maximum limit of 400 million yuan. The total amount involved in the case was 249 million yuan. The company confirmed the relevant liabilities in the early stages. There were no new debts in this judgment, and it is expected that there will be no significant impact on profits. The company plans to file an appeal within the statutory period.

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