ST Zhongli: sued by Everbright Bank and Bank of Communications for debt collection totaling about 354 million yuan

On July 26, Jiangsu Zhongli Group announced that it had received litigation documents from Everbright Bank and Bank of Communications, requiring the company to repay a total of 354 million yuan. Changshu Branch of

China Everbright Bank Co., Ltd. requests the court to order the company to repay the loan principal and interest, penalty interest, compound interest and attorney fees totaling 97.0133 million yuan ; It has the right to dispose of the collateral related to the contract and give priority to the repayment of the debts in this case within the maximum amount. The Bank

of Communications requested the court to order the Company to repay the principal and interest of the loan, penalty interest, compound interest and attorney fees under the relevant working capital loan contract, totaling 257 million yuan ; it had the right to dispose of the collateral related to the contract and was given priority to repay the debts of this case within the maximum amount.

In view of the fact that the case has not yet been heard, it is impossible to judge the impact on the company's current or future profits. At present, the above defendants have entered the pre-reorganization or reorganization, and the company and the temporary administrator are actively promoting the pre-reorganization and reorganization of the above companies. The company will continue to pay attention to the progress of the above matters and fulfill the obligation of information disclosure in a timely manner.

It is reported that the fourth defendant in the two lawsuits, Suzhou Tenghui Photovoltaic Technology Co., Ltd., was filed for bankruptcy reorganization for the fourth time on July 24.