According to CoinMeta, *ST Western Release Announcement*, the Lhasa Intermediate People's Court accepted the creditor's application for reorganization of the company on April 24, 2026. CGN Capital Holdings Co., Ltd. filed a lawsuit regarding the confirmation of ordinary bankruptcy claims amounting to 308 million yuan due to objections to the claims recorded in the claims list. Recently, the company received a civil ruling from the Lhasa Intermediate People's Court, which granted the withdrawal of the lawsuit applied for by the plaintiff, CGN Capital Holdings Co., Ltd. This withdrawal of the lawsuit will not have an impact on the company's financial condition. The company has already entered the reorganization process; if the reorganization fails and it is declared bankrupt, the company's shares will face the risk of delisting.