Zhenghai Magnetic Materials announced that it received the “Final Arbitration Award” from the Danish Arbitration Court on December 19, 2025. In February 2024, Siemens Gamesa Renewable Energy initiated arbitration over a contractual dispute, claiming €14.7.06 million and related expenses. The arbitral tribunal rejected all of its claims and ruled that it paid the company 1.1951 million euros for legal representation and expert assistance, as well as other related arbitration costs. The arbitration will not affect the company's daily operations, and payment will have a positive impact on current results. As of the date of disclosure of the announcement, the Company and its subsidiaries should not disclose any other undisclosed litigation or arbitration matters.

Zhenghai Magnetic Materials announced that it received the “Final Arbitration Award” from the Danish Arbitration Court on December 19, 2025. In February 2024, Siemens Gamesa Renewable Energy initiated arbitration over a contractual dispute, claiming €14.7.06 million and related expenses. The arbitral tribunal rejected all of its claims and ruled that it paid the company 1.1951 million euros for legal representation and expert assistance, as well as other related arbitration costs. The arbitration will not affect the company's daily operations, and payment will have a positive impact on current results. As of the date of disclosure of the announcement, the Company and its subsidiaries should not disclose any other undisclosed litigation or arbitration matters.