Kelu Electronics announced that a final judgment has been handed down in the second instance of the construction contract dispute between the company and China Nanhai Engineering Co., Ltd. The amount of the plaintiff's lawsuit in the original trial was 237 million yuan, and the amount of the company's counterclaim was 174 million yuan. The second trial upheld the judgment of the first trial relating to project pile catch-up costs of 6.617,400 yuan, exchange rate of 8.22,200 yuan, interest on overdue progress payments of 376.82 million yuan, and the South China Sea Project was required to pay the company's utility bills of 6.643 million yuan; adjusted the amount payable for the project to 104 million yuan and corresponding interest, and adjusted some of the amount of work costs and epidemic prevention costs. The South China Sea Project enjoyed priority compensation for the project involved in the case within the scope of the 104 million yuan project payment. This judgment will not have a significant impact on the company's current or future profits, and will have a certain impact on the company's cash flow.

Kelu Electronics announced that a final judgment has been handed down in the second instance of the construction contract dispute between the company and China Nanhai Engineering Co., Ltd. The amount of the plaintiff's lawsuit in the original trial was 237 million yuan, and the amount of the company's counterclaim was 174 million yuan. The second trial upheld the judgment of the first trial relating to project pile catch-up costs of 6.617,400 yuan, exchange rate of 8.22,200 yuan, interest on overdue progress payments of 376.82 million yuan, and the South China Sea Project was required to pay the company's utility bills of 6.643 million yuan; adjusted the amount payable for the project to 104 million yuan and corresponding interest, and adjusted some of the amount of work costs and epidemic prevention costs. The South China Sea Project enjoyed priority compensation for the project involved in the case within the scope of the 104 million yuan project payment. This judgment will not have a significant impact on the company's current or future profits, and will have a certain impact on the company's cash flow.