ST Xinhua Jin: Clarify media reports.

date
10/06/2026
ST Xinhua Jin announced that recent media reports on "ST Xinhua Jin's 'face-changing' trilogy" have been clarified by the company. Xinhua Jin Textile and Shanghai Lizhi belong to the scope of the merged subsidiary, and the transactions between them do not require the fulfillment of related party transaction procedures or disclosure obligations. There is no additional fund appropriation after rectifying the fund appropriation issue. The company's performance compensation case with Wang Liyang and Ke Yiyue was heard in court on June 9, and the court judgment and subsequent announcements will be followed. The company will take legal actions as needed and remind investors to rely on information from the statutory channels.