*ST Hi-Tech announced that the company previously disclosed that the exclusive negotiation deposit of RMB 50 million for the Shenzhen Xinneng Semiconductor project has not been recovered as scheduled. It has requested Hainan Innovation to return it through collection letters, lawyers' letters, etc., and the money has not yet been refunded. Recently, the company received a “Notice of Case Filing” from the Haidian Branch of the Beijing Municipal Public Security Bureau. The bureau believes that the company's misappropriation of funds is suspected of being a criminal offense, and the case has now been filed.

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