According to the Ningbo Construction Engineering announcement, the municipal group sued the court because three companies including Xi'an Fengdong Real Estate failed to return the principal amount and interest of the trust plan purchased by its holding subsidiary Municipal Group on time. Recently, the Ningbo Intermediate People's Court issued the Zhejiang Provincial People's Court No. 1825 “Civil Judgment”, ruling that the three defendants jointly repay 300 million yuan in principal and 815,000 yuan in interest. Since the judgment in the case has not yet taken effect and there is uncertainty, the company is unable to determine the impact on current or future profits, and will carry out corresponding accounting treatment according to progress.

According to the Ningbo Construction Engineering announcement, the municipal group sued the court because three companies including Xi'an Fengdong Real Estate failed to return the principal amount and interest of the trust plan purchased by its holding subsidiary Municipal Group on time. Recently, the Ningbo Intermediate People's Court issued the Zhejiang Provincial People's Court No. 1825 “Civil Judgment”, ruling that the three defendants jointly repay 300 million yuan in principal and 815,000 yuan in interest. Since the judgment in the case has not yet taken effect and there is uncertainty, the company is unable to determine the impact on current or future profits, and will carry out corresponding accounting treatment according to progress.