ST JiaoTou's subsidiary HongYao Company has been listed as a person subject to enforcement for dishonesty

ST YCIC Eco-Tech's subsidiary Yunnan Hongyao Company has been listed as a dishonest executor by the People's Court of ChuanShan District, Suining City, Sichuan Province, due to involvement in a construction contract dispute, with a dishonesty period of 2 years. Hongyao Company is required to pay outstanding debts and interest to Yunnan Linhua Construction Engineering Co., Ltd. The court has concluded the enforcement procedure due to the failure to fulfill relevant obligations. This situation will affect Hongyao Company's activities in government procurement, bidding, and tendering. The company has urged Hongyao Company to communicate with relevant parties to resolve the issue