Summary · why it matters
ST Rongke disclosed on September 10 that it had received a civil complaint from Shenyang Intermediate People's Court. Fushun Bank Co., Ltd. Development Zone Sub-branch filed a lawsuit against 15 defendants including ST Rongke over a 200 million yuan loan, demanding that ST Rongke bear joint guarantee liability for 275 million yuan in loan principal and interest. The plaintiff's core claim is to order the primary debtor, Shenyang Jinqian Energy Technology Co., Ltd., to immediately repay the loan principal of 200 million yuan and interest of approximately 75.0114 million yuan as of December 18, 2025, totaling about 275 million yuan in principal and interest, and to pursue subsequent penalty interest and compound interest. The loan was issued in November 2020 with a term of 36 months, and was extended in November 2023 to April 25, 2025. The plaintiff alleges that ST Rongke signed a guarantee contract on November 16, 2020 to provide joint liability guarantee, but ST Rongke says the company's archives contain no original or copy of the relevant guarantee agreement, no seal usage records related to the guarantee matter, and no such proposal was ever reviewed by the board of directors or shareholders' meeting. The company stated that this guarantee is one of six irregular guarantee matters totaling 785 million yuan previously disclosed, with a guaranteed principal of 200 million yuan, and is the third one discovered through self-inspection. It was an irregular guarantee made in the company's name during the period controlled by former controlling shareholder Liaoning Guoke. The case has not yet been heard. The company has hired a professional legal team to sort out the matter and actively respond to the lawsuit, while negotiating with creditors and the former actual controller to seek exemption from liability for the listed company. On the same day, ST Rongke also disclosed an announcement on abnormal stock trading. From September 8 to 10, the cumulative deviation of closing price increases over three consecutive trading days reached 30 percent. After self-inspection and inquiries to the controlling shareholder and actual controller, there are no major matters that should be disclosed but have not been disclosed.
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