ST alliance: Received execution notice, execution target of 1.66 billion yuan and interest.

Joint Announcement of ST, the company was sued by Zhejiang Huayou Cobalt Co., Ltd. for failing to fulfill its equity repurchase obligations on time, and the final judgment was made by the Zhejiang Provincial Higher People's Court. Recently, the company received an "Execution Notice" from the Intermediate People's Court of Jiaxing City, Zhejiang Province, demanding immediate compliance with the judgment obligations, including the payment of the executed amount of 166 million yuan and interest, bearing double interest on the delayed performance, and paying execution fees of 232,400 yuan. Failure to comply within the deadline will result in compulsory enforcement.