On June 11, Sanan Optoelectronics made a public announcement, revealing that it had been informed by its controlling shareholder, Xiamen Sanan Electronics, that Lin Suzhen, one of its creditors, had submitted an application to the Xiamen Intermediate People's Court, petitioning for the bankruptcy restructuring of Sanan Electronics. As of the date of the announcement, Sanan Electronics had not yet been served with official court documentation. Consequently, there was still ambiguity regarding whether the court would accept the application and, if accepted, whether it would proceed with bankruptcy restructuring. Should bankruptcy restructuring be initiated, it could potentially affect the company's shareholding composition and control. At present, the company's production and business operations are proceeding as usual, and this matter is not anticipated to exert a substantial negative influence on the company's overall operations.