The proposal for source of ST number anti-guarantee was voted down by small and medium shareholders. Company: The proposal, if passed, would reduce financial expenses.

On the afternoon of September 1, 2025, ST Shuyuan held the fourth interim shareholders' meeting of 2025 to deliberate on the proposal of "providing guarantee for the company's financing by pledging equity to the controlling shareholder for counter-guarantee". The announcement that evening revealed that the proposal did not pass by a vote, with a 51.91% opposition. The company's relevant personnel stated that the controlling shareholder had previously charged a guarantee fee for providing guarantees for the company's bank loans, and using some of the company's equity as counter-guarantee this time could reduce financial expenses. It is still unclear whether the proposal will be continued after the meeting.