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.
Shenzhen Deren Electronic Co LtdLawsuit withdrawal and asset seizure release reduce legal and financial uncertainty for the company.
Gangrong Group withdrew its lawsuit, but the impact on the company is unclear as it is the plaintiff.
