ST Meichen announced a property owned by subsidiary Hangzhou Saishi Garden Group
was sold at a judicial auction by the People's Court of Yuhang District,
Hangzhou, on May 27, 2026, following a financial loan dispute. The highest bid
was 11.102 million yuan. The sale remains subject to the court's auction
confirmation. Company says the disposal should help the subsidiary unlock assets
and mitigate debt risk; the precise financial impact will be determined by
audit.