ST Miki announced that the company and its holding subsidiary Fuzhou Light Industry recently received an arbitration notice from the Xiamen Arbitration Commission. The Fuzhou branch of Guangfa Bank initiated arbitration against Fuzhou Light Industry, the Company and Fuzhou Light Industry's natural shareholders Chen Jian and Liao Xinghua due to a financial loan contract dispute. The case has been accepted and has not yet been heard. Fuzhou Light Industry's export payment business of 15 million yuan was overdue. As of October 25, 2026, it still owed 4.9427 million yuan in principal and 141,500 yuan in penalties, totaling RMB 5.0842 million. The company undertook joint and several liability guarantees for this debt within the maximum principal amount of 20 million yuan. The amount involved in the lawsuit accounted for 4.21% of the company's most recent audited net assets. As of November 12, 2026, the total external guarantee balance of the company and its holding subsidiaries was $4.313 billion, accounting for 3574.86% of the most recent audited net assets; of these, the amount of overdue guarantees was $1,079 million, accounting for 894.11% of net assets.

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