ST Xuelang announced that the company has received a summons and a civil lawsuit from the Lai'an County People's Court. Anhui Zhonghuifa New Materials Co., Ltd. filed a lawsuit over a sales contract dispute. The company was the defendant. The amount involved was 40.3551 million yuan. The case has not yet been tried in court. The plaintiff's request included ordering the company to fulfill its obligation to accept equipment installation and testing, deliver relevant materials and spare parts, pay penalties such as late delivery, late installation, and failure to deliver completion materials, compensation for losses such as discontinuation of production, etc., and bear evaluation fees, legal fees, and litigation costs. As of the disclosure date of the announcement, the company and its holding subsidiaries had accumulated a total amount of 2.353,900 yuan in litigation and arbitration matters that did not meet the disclosure standards for 12 consecutive months, accounting for 7.52% of the latest audited net assets. The impact of this lawsuit on the company's profits is uncertain, and the company will actively respond to the lawsuit. Furthermore, the company's application for pre-restructuring has been filed and registered by the Wuxi Intermediate Court, and there is uncertainty about whether it can enter the restructuring process.

ST Xuelang announced that the company has received a summons and a civil lawsuit from the Lai'an County People's Court. Anhui Zhonghuifa New Materials Co., Ltd. filed a lawsuit over a sales contract dispute. The company was the defendant. The amount involved was 40.3551 million yuan. The case has not yet been tried in court. The plaintiff's request included ordering the company to fulfill its obligation to accept equipment installation and testing, deliver relevant materials and spare parts, pay penalties such as late delivery, late installation, and failure to deliver completion materials, compensation for losses such as discontinuation of production, etc., and bear evaluation fees, legal fees, and litigation costs. As of the disclosure date of the announcement, the company and its holding subsidiaries had accumulated a total amount of 2.353,900 yuan in litigation and arbitration matters that did not meet the disclosure standards for 12 consecutive months, accounting for 7.52% of the latest audited net assets. The impact of this lawsuit on the company's profits is uncertain, and the company will actively respond to the lawsuit. Furthermore, the company's application for pre-restructuring has been filed and registered by the Wuxi Intermediate Court, and there is uncertainty about whether it can enter the restructuring process.