ST Tongde's four patent assets have been frozen or subject to property preservation by the China National Intellectual Property Administration due to a debt dispute with Tianan Tiandi Pawnshop. The freeze period runs from July 15, 2026 to July 15, 2027. The company stated that the frozen assets remain in its custody and use, and production and operations are proceeding normally. However, if the court takes further measures, there is a risk of judicial disposal. Previously, the company's pre-reorganization period was just extended by the Xinzhou Intermediate People's Court to October 20, 2026. In the first half of 2026, the company expects a net loss attributable to the parent company of 38 million to 55 million yuan, swinging from profit to loss year-on-year, with a decline of 442.59% to 595.86%.
Shanxi Tond Chemical Co LtdFour patent assets frozen due to debt dispute, with risk of judicial disposal.