HTML Code Stripped/Modified in Short Description & Description (TinyMCE)

Hello VillaTheme Team and Community,
I am experiencing a critical issue after updating WordPress from version 6.9 to version 7.
Problem Description: When editing products using the bulk editor, the HTML code within the Short Description and Description fields (TinyMCE editor) is being automatically modified and truncated upon saving.
Symptoms:
HTML tags are removed or altered.
Content is cut off unexpectedly.
As a result, the frontend formatting and fonts are broken on product pages.
Environment & Troubleshooting:
Plugin Version 1.4 (Issue started after update from 6.9 to 7.0)
WordPress/WooCommerce: Latest versions
I have already attempted to adjust plugin settings for compatibility with the current WordPress environment, but the issue persists.
Could anyone from support or the community please advise on a solution or a workaround? This issue prevents me from safely updating product data.
Thank you in advance for your help.
Best regards, Dirk