Wenfeng Co., Ltd. announced that the company received a “Civil Judgment” delivered by the Nanjing Intermediate Court, and the Nanjing Intermediate Court handed down a first instance judgment on the new investor lawsuit. According to the verdict, defendant Xu Xiang and Xu Changjiang compensated 23 people, including plaintiff Ao, for losses totaling 3.293,600 yuan within 10 days from the date the judgment became legal effect; defendant Wenfeng Co., Ltd. was jointly and severally liable for defendant Xu Xiang and Xu Changjiang's first compensation obligation. The total processing fee for the case was 412,000 yuan, which was shared by Xu Xiang, Xu Changjiang, and Wenfeng Co., Ltd.; the announcement fee is based on actual expenses, and Xu Xiang is responsible. The company will appeal the first instance judgment within the statutory appeal period. Earlier, the Jiangsu Provincial High People's Court ruled that Xu Xiang and Xu Changjiang should indemnify four investors, including Liu XX and Zhou XX, for a total loss of 1.102,600 yuan, and Wenfeng Co., Ltd. was jointly and severally liable. As of the disclosure date of this announcement, compensation for losses has been completed for 3 investors, with a total compensation of 1.0963 million yuan. Since Xu Xiang and Xu Changjiang did not fully assume their obligation to pay compensation, the court withheld the company's compensation of 431,400 yuan.

Wenfeng Co., Ltd. announced that the company received a “Civil Judgment” delivered by the Nanjing Intermediate Court, and the Nanjing Intermediate Court handed down a first instance judgment on the new investor lawsuit. According to the verdict, defendant Xu Xiang and Xu Changjiang compensated 23 people, including plaintiff Ao, for losses totaling 3.293,600 yuan within 10 days from the date the judgment became legal effect; defendant Wenfeng Co., Ltd. was jointly and severally liable for defendant Xu Xiang and Xu Changjiang's first compensation obligation. The total processing fee for the case was 412,000 yuan, which was shared by Xu Xiang, Xu Changjiang, and Wenfeng Co., Ltd.; the announcement fee is based on actual expenses, and Xu Xiang is responsible. The company will appeal the first instance judgment within the statutory appeal period. Earlier, the Jiangsu Provincial High People's Court ruled that Xu Xiang and Xu Changjiang should indemnify four investors, including Liu XX and Zhou XX, for a total loss of 1.102,600 yuan, and Wenfeng Co., Ltd. was jointly and severally liable. As of the disclosure date of this announcement, compensation for losses has been completed for 3 investors, with a total compensation of 1.0963 million yuan. Since Xu Xiang and Xu Changjiang did not fully assume their obligation to pay compensation, the court withheld the company's compensation of 431,400 yuan.