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*ST Power announced that the company filed a lawsuit with Tianjin No. 1 Intermediate People's Court over a dispute with Zhongneng Intelligent Transmission Equipment Co., Ltd., and others. The total amount involved was 169 million yuan. The case has been filed and accepted, but no judgment has yet been handed down. The lawsuit included ordering the defendant to pay a capital reduction of $126 million to the third party, Puyi Fund; ordering the defendant to assume liability for overdue performance of capital reduction obligations, calculated using 5/10,000 of the daily capital increase of 100 million yuan as a standard, up to July 1, 2026, for a total of 42.65 million yuan.

Zhitongcaijing·08/07/2026 11:09:10
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*ST Power announced that the company filed a lawsuit with Tianjin No. 1 Intermediate People's Court over a dispute with Zhongneng Intelligent Transmission Equipment Co., Ltd., and others. The total amount involved was 169 million yuan. The case has been filed and accepted, but no judgment has yet been handed down. The lawsuit included ordering the defendant to pay a capital reduction of $126 million to the third party, Puyi Fund; ordering the defendant to assume liability for overdue performance of capital reduction obligations, calculated using 5/10,000 of the daily capital increase of 100 million yuan as a standard, up to July 1, 2026, for a total of 42.65 million yuan.