According to CoinMeta, ST announced that its holding subsidiary, Jiangsu Hezong Smart Energy Co., Ltd., has two overdue loan issues: firstly, it owes the principal of 8.6 million yuan and corresponding interest to the Chengdong Branch of Nanjing Bank, for which no guarantee was provided by the company; secondly, it owes the principal of 9.4 million yuan to the Sanshan Street Branch of Industrial and Commercial Bank of China (ICBC), and ICBC requires the company to fulfill a joint and several guarantee obligation with a maximum balance not exceeding 11.88 million yuan. As of the date of the announcement, the company has not yet assumed any guarantee responsibilities and has not received any related litigation or preservation notices. These two loan principals account for 7.18% and 7.85% of the company's most recent audited net assets respectively, which will increase the short-term debt repayment pressure on the company and its subsidiaries. If not properly resolved, the company may face risks such as litigation.