Wingtech

According to 36Kr, ST Wingtech announced that its controlling shareholder Wen Tianxia and the actual controller Zhang Xuezeng are involved in an arbitration with Jiang Zhaobo; the arbitration body issued a ruling denying all of Jiang Zhaobo’s arbitration requests. Wen Tianxia will apply to the court to revoke asset preservation and to lift the share judicial freeze, but as of the disclosure date the freeze has not yet been lifted. The arbitration does not involve the listed company and is not expected to affect its production or operations.