ST Xuelang disclosed that its financial loan contract dispute with Bank of Suzhou Wuxi Branch has entered the enforcement phase, with an enforcement target of approximately 49.71 million yuan. The court has cumulatively deducted approximately 28.77 million yuan from the company's bank accounts. The second-instance judgment has taken effect, and the company is also in the pre-restructuring filing stage, but there is uncertainty as to whether it can enter the formal restructuring process. The company stated that it will conduct accounting treatment based on subsequent enforcement developments in accordance with accounting standards, and the specific impact will be subject to the annual audit report.
Wuxi Xuelang Environmental Technology Co LtdCourt enforcement of loan dispute, with 28.77 million yuan deducted from company accounts.