ST Asia-Pacific: The controlling subsidiary's 51% equity was released from pledge on March 11th.

ST Asia Pacific announced that in June 2023, the company pledged 51% of its equity in Cangzhou Lingang Ayano Chemical Co., Ltd. to Guangzhou Wanshun for a loan of 200 million yuan. The loan was not repaid by the due date of December 31, 2024. In 2025, the company entered into a restructuring process, and in February 2026, the administrator completed the distribution of Guangzhou Wanshun's debt according to the restructuring plan. On March 12, the company received a notice of cancellation of the equity pledge registration, and the aforementioned 51% equity was fully released from the pledge on March 11.