ST Hengxin announced that on the evening of October 16, 2026, the company learned that former chairman Meng Nan had been subject to criminal coercive measures. Meng Nan was removed as a non-independent director by the shareholders' meeting on June 30, 2026, and has not held any positions in the company since then; up to now, Meng Nan is still the legal representative on the company's business license. Related matters have had a major impact on the company's main subsidiaries. The case is currently under investigation by the public security and judicial authorities, and all production and operation activities of the company are normal.

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