SUNYES(SZ:002388) Xin Lang Cai Jing·2025-09-01 14:37Core Viewpoint - ST New Asia (002388) has disclosed updates on two ongoing lawsuits, indicating a shift in legal proceedings that may impact the company's operations and governance [1] Summary by Relevant Sections Lawsuit Details - Case One: ST New Asia's subsidiary, Xinya Shanshan New Materials Technology (Quzhou) Co., Ltd., filed a lawsuit against five former directors or managers for failing to fulfill responsibilities under the "Project Design Management" system, resulting in company losses. The case was accepted by the Quzhou Intelligent Manufacturing New City People's Court on August 21, 2024, and has not yet gone to trial. Recently, Xinya Shanshan submitted a request to withdraw the lawsuit, which the court approved [1] - Case Two: Ningbo Yongchuan Investment Co., Ltd. filed a lawsuit against Xinya Shanshan for making large payments to its wholly-owned subsidiary, Zhejiang Xinya Zhongning New Energy Co., Ltd., and the company's Shanghai branch without board approval. This case is currently under first-instance trial at the Quzhou Intermediate People's Court. Ningbo Yongchuan has also submitted a request to withdraw all claims against seven related personnel [1] Financial Impact - The announcement indicates that the withdrawal of these two lawsuits will not have a significant impact on the company's current or future financial performance [1]