On June 14, Gelunhui reported that ST Muyao (600671.SH) announced that the relevant violation and guarantee repayment has been pre-paid to the company in cash by the then shareholder Yongxin Huarui Development Culture Co., Ltd. The company has completely relieved the natural person Zhu Zheng, who was the company's director and general manager at the time, and the natural person Lou Yiqing and Lu Yajuan's civil private loan guarantee responsibility, and the then controlling shareholder, related parties, and natural person Pan Jiande's loan guarantee responsibility. The law firm issued a legal opinion on whether the company's above-mentioned illegal guarantee matters have been completely eliminated or not.

The company and related parties took active measures to eliminate the adverse effects of illegal guarantees on the company. At the same time, the company will take legal measures against the responsible persons in a timely manner to recover the company's losses while considering measures to lift the above-mentioned illegal guarantees and bear the losses caused to the company.