Core Viewpoint - ST Huawen is involved in a significant legal dispute with Lin Guangmao regarding the transfer of equity in Jiangsu Suiyi Information Technology Co., Ltd, with the jurisdiction elevated to Haikou Intermediate Court [1][2][3] Group 1: Legal Proceedings - The court case involves ST Huawen as the plaintiff and Lin Guangmao as the defendant, with the first hearing yet to take place [1] - ST Huawen has requested the court to order Lin Guangmao to return the equity transfer payment of 50 million RMB and related fees due to Lin's failure to complete the necessary business registration changes [2][3] - Lin Guangmao has filed a counterclaim, seeking to declare several agreements between him and ST Huawen invalid and requesting compensation for economic losses amounting to 131,652,156.30 RMB [3] Group 2: Financial Performance - In the first three quarters, ST Huawen reported total revenue of 262 million RMB, a year-on-year increase of 1.32%, while the net loss attributable to shareholders was 101 million RMB, slightly improved from a loss of 105 million RMB in the same period last year [4] - The company has faced regulatory scrutiny, receiving a warning and a total fine of 6.2 million RMB from the China Securities Regulatory Commission for misreporting revenue in several annual reports [5] Group 3: Market Reaction - Following the announcement of the legal developments, ST Huawen's stock price surged to a closing price of 3.29 RMB per share, hitting the daily limit [5]