ST Yedao's wholly-owned subsidiary Hengxin Company has reached a debt settlement with Tianfu Company, under which Hengxin will repay approximately 9 million yuan with liquor products and is expected to realize a gain of about 6 million yuan from the debt restructuring. The dispute originated from their 2023 trade cooperation in oil and fat commodities. After Hengxin failed to deliver goods upon receiving payment, Tianfu sued, and the court ordered Hengxin to return the payment plus compensation totaling around 9 million yuan. Tianfu had applied for compulsory enforcement. To properly resolve the dispute, the two parties negotiated a settlement at 9 million yuan. In the first quarter of 2026, ST Yedao achieved revenue of 99.63 million yuan and net profit attributable to the parent of 920,000 yuan.
Hainan Yedao Group Co LtdDebt settlement with liquor products expected to realize a gain of about 6 million yuan.
