ST East: Facing multiple risks and adding multiple lawsuits.

date
04/03/2026
ST Dongshi announced that the company is facing risks such as ongoing operations, debt overdue, bankruptcy reorganization, case investigation, litigation, judicial auction of controlling shareholder's shares, and criminal convictions of actual controllers. The non-net profit attributable to the mother from 2022 to 2024 is negative, and it is expected that the net profit will be a loss of 600-700 million yuan in 2025. Recently, the holding subsidiary Chongqing Dongfang Fashion added a contract dispute lawsuit, with a total principal and interest involved of 5.4327 million yuan. In addition, the company and its holding subsidiary have accumulated 29 new lawsuits within twelve consecutive months, involving a principal of 93.8195 million yuan, accounting for 10.12% of the recent audited net assets.