Core Viewpoint - ST Luton (ST路通) has made progress in resolving the long-standing issue of fund occupation by its actual controller, with a repayment of 10.2254 million yuan [1][2] Group 1: Financial Developments - On December 27, ST Luton received a total of 10.2254 million yuan, which includes both the principal and interest of the funds occupied by its major shareholder Wu Shichun [1] - As of November 28, the total amount returned by the occupying parties reached 14.71064 million yuan, leaving 869.36 thousand yuan still outstanding [2] - The repayment is expected to have a positive impact on the company's ongoing operations, pending the results of an accountant's audit [3] Group 2: Corporate Governance and Control - Wu Shichun became the largest shareholder after a control struggle in November 2025 and initiated efforts to address historical issues within the company [3] - Following the repayment, Wu Shichun transferred all rights to pursue claims against the original occupying parties to ST Luton, ensuring that any recovered funds will fully benefit the listed company [3] - The new board of directors, which currently consists of only four members, is working on stabilizing the operational order by resolving related lawsuits and implementing new seals [4] Group 3: Business Challenges - ST Luton has faced continuous losses over the years, with its core business struggling due to market demand fluctuations and intensified industry competition [5] - The company’s traditional business includes network transmission systems and related technical services, with a notable decline in revenue and profit expected in 2023 and 2024 [5] - The new leadership under Wu Shichun faces the daunting task of reversing the ongoing losses and restructuring the business to enhance competitiveness [5]
新晋大股东吴世春代偿实控人占用资金本息逾千万元,ST路通将申请“摘帽”