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ST Zhongzhu: Subsidiary Zhongzhu Juntian's dispute over a housing lease contract with Hongjie Runzhong involves an amount of 513 million yuan.
ST Zhongzhu announces that its subsidiary Zhongzhu Juntian is involved in a housing lease dispute with Hongjie Runzhong, with the amount involved totaling 513 million yuan. The case is currently in the final ruling stage regarding jurisdiction objections and has not yet been heard in court. The company has vacated the property according to the judgment but believes that Hongjie Runzhong should bear responsibility for the contract’s invalidity. The ruling will not affect the company’s current period or future profits.