ST Lutong has won first-instance rulings in two lawsuits involving the revocation of corporate resolutions. In one case, natural person Xu Liangcai sought to revoke resolutions passed at the company's second extraordinary general meeting of 2025. In the other, Xinghan Innovation Shenzhen Enterprise Management Partnership, a limited partnership, sought to revoke resolutions of the 22nd meeting of the fifth board of directors and the third extraordinary general meeting of 2025. The court dismissed the plaintiffs' claims in both cases, with court acceptance fees to be borne by the plaintiffs. The company notes that both cases are still within the appeal period, the first-instance judgments have not yet taken effect, and the impact on current and future profits remains uncertain. Previously, similar revocation lawsuits filed by natural persons Lin Youshuai and Cai Weiguo were also dismissed at first instance, but the plaintiffs have appealed, and the second-instance hearings have not yet commenced.
Lootom Telcovideo Network Wuxi Co LtdCompany won first-instance rulings in two lawsuits seeking to revoke corporate resolutions, reducing legal uncertainty.