According to the Western Venture announcement, on June 24, 2025, the Yinchuan Intermediate Court decided to accept the bankruptcy and liquidation application of the subsidiary Dagu Logistics. On June 30, Dagu Logistics was taken over by the manager and was no longer included in the scope of the company's consolidated statement. Recently, since Dagu Logistics's current bankruptcy estate allocation work has basically been completed and the manager has properly arranged the remaining matters, the Yinchuan Intermediate Court ruled to end its bankruptcy procedure. This matter will not have a significant impact on the company's production and operation. Currently, the manager is disposing of the remaining assets and participating in related lawsuits, and the company will continue to monitor the progress and promptly disclose it.

According to the Western Venture announcement, on June 24, 2025, the Yinchuan Intermediate Court decided to accept the bankruptcy and liquidation application of the subsidiary Dagu Logistics. On June 30, Dagu Logistics was taken over by the manager and was no longer included in the scope of the company's consolidated statement. Recently, since Dagu Logistics's current bankruptcy estate allocation work has basically been completed and the manager has properly arranged the remaining matters, the Yinchuan Intermediate Court ruled to end its bankruptcy procedure. This matter will not have a significant impact on the company's production and operation. Currently, the manager is disposing of the remaining assets and participating in related lawsuits, and the company will continue to monitor the progress and promptly disclose it.