Core Viewpoint - Yunnan Jinggu Forestry Co., Ltd. is facing significant legal challenges, with its subsidiary, Tangxian Huiyin Wood Industry Co., Ltd., involved in multiple lawsuits that could impact its financial stability and operations [1][2][8]. Summary by Sections Legal Proceedings - The subsidiary Huiyin Wood Industry has received a civil ruling from the Zhengding County People's Court to freeze bank deposits of 4 million yuan or equivalent assets due to a lawsuit initiated by Gao Aiping and Liu Yan [1][5]. - As of the announcement date, Huiyin Wood Industry is involved in a total of 7 lawsuits, with a cumulative amount of approximately 70.9 million yuan, representing 74.55% of the company's latest audited net assets attributable to shareholders [2][6]. Financial Impact - The company has identified additional outstanding loans totaling approximately 30.89 million yuan from former controlling shareholders, which may increase as creditors pursue claims through litigation [2][7]. - The freezing of assets, including a density board sanding production line, is expected to adversely affect Huiyin Wood Industry's normal production and sales operations [8]. Company Response - The company has established a special task force to verify the authenticity and completeness of the related loans and has engaged litigation lawyers to actively respond to the lawsuits [9]. - The company is committed to protecting its legal rights and will take legal measures to mitigate the impact of these issues on its operations and shareholder interests [9].

Core Viewpoint - ST Jinggu (600265) announced that its subsidiary, Huiyin Wood Industry, has had its finished goods warehouse and all finished board goods within the warehouse seized, along with the freezing of its main bank accounts, which will adversely affect normal shipments and sales [1] Group 1 - The seized inventory accounts for approximately 70% of the company's total inventory, indicating a significant operational impact [1] - The company has not yet received any legal documents or court notifications regarding the case, leading to uncertainty about the impact on current and future profits [1] - If Huiyin Wood Industry is ultimately found liable, there is a risk of judicial disposal of related assets, which would negatively affect its operations [1]