ST Shengda: Former shareholder misappropriation remains

Sichuan Shengda Forestry Industry (SZSE:002259) announced that the issue of funds misappropriated by its former controlling shareholder, Shengda Group, persists. As of the announcement date, Shengda Group's outstanding debt to the company remains at approximately 921.16 million yuan, which is about 375.88% of the most recent audited net assets. Additionally, the company is still facing unauthorized guarantees provided to Shengda Group's subsidiaries, amounting to 6.13 million yuan which is 24.99% of net assets. The company stated that it will continue to monitor the situation and disclose further developments as they occur. They advise investors to pay attention to investment risks. There have been no changes since the last announcement.