Shenzhen Deren Electronic Co Ltd

ST Derun announced that the pre-litigation property preservation measures arising from a dispute with creditor Sichuan Gangrong Investment Development Group over share repurchase obligations have been lifted, including the freezing of equity in relevant subsidiaries and the sealing of assets. A total of nine subsidiaries have had their equity freezes lifted, including Heshan Derun Electronic Technology, Heshan Herun Electronic Technology, Guangdong Keshide Run Automotive Parts, Shenzhen Derun Optics, Shenzhen Derun Precision Components, Huizhou Shenghua Technology, Mianyang Hongrun Electronics, Anhui Derun Electronic Technology, and Hefei Derun Electronic Devices. The unsealed assets are five properties in the main building of Tian'an Cyber Times Tower in Futian District, Shenzhen. Gangrong Group has previously withdrawn the lawsuit, and the company's daily production and operations have not been materially affected.

ST Derun announced that Gangrong Group's lawsuit withdrawal has been approved by the court, and some equity and assets have been released from seizure. On August 18, 2026, Shenzhen Derun Electronics Company Limited issued an announcement stating that it had received a civil ruling from the Intermediate People's Court of Yibin City, Sichuan Province, permitting creditor Sichuan Gangrong Investment Development Group Company Limited to withdraw its lawsuit. Previously, Gangrong Group had filed a lawsuit and applied for pre-litigation asset preservation because the company failed to fulfill its equity repurchase obligations in full and on time. After negotiations with Gangrong Group, the company completed asset mortgage guarantee procedures on August 8, 2026, and Gangrong Group subsequently applied to withdraw the lawsuit. As of now, the company's equity in Boladi Electronics Shenzhen Company Limited has been unfrozen, and Derun Building, Dormitory A and Dormitory B of Derun Electronics Guangming Industrial Park, and the industrial park factory building have been released from seizure. The unfreezing of equity in other subsidiaries and the release of other asset seizures are still being processed.