Gelonghui, September 12 | ST Lingda (300125.SZ) announced that according to the “Strategic Investment Agreement”, the controlling shareholder Guang Hengyu's limited partner Huacheng Future completed the relevant business change registration procedures in April 2023, but recently learned through actual controller Mr. Huang Shuang that the funders Wang Mingsheng, Lin Chunliang, Lin Yujia, and Li Ka-ming have not performed in accordance with the relevant provisions of the “Strategic Investment Agreement” since June 2024, which constituted a breach of contract with the “Strategic Investment Agreement”. The investor believes that this opinion is inaccurate and determines whether A breach of contract requires a judicial process to determine it. Due to major differences, the matter of continuing to advance the “Strategic Investment Agreement” is currently being negotiated. There is significant uncertainty about whether the agreement can be implemented normally, and it is not ruled out that legal channels such as litigation will be used to resolve the issue in the future.

Whether the funders Wang Mingsheng, Lin Chunliang, Lin Yujia, and Li Ka-ming, the controlling shareholder's limited partner have breached the contract, will not lead to changes in the company's controlling shareholders and actual control. It may cause the situation involving some funders and their associated enterprises to be unable to resolve the capital occupation, which will have a certain impact on the company's production and operation. Funders Wang Mingsheng, Lin Chunliang, and Lin Yujia and their related companies have recently been involved in many debt disputes. In view of this, the funders may not have the ability to continue to perform, which may result in the “Strategic Investment Agreement” default or even trigger lawsuits.