*ST Sanfang announced that the company and its subsidiaries within the scope of the consolidated statement have not added any new lawsuits or arbitrations since the previous disclosure, and recently received a civil judgment in a lawsuit that was disclosed earlier. The case is a financial leasing contract dispute between Taiping Petrochemical Financial Leasing Co., Ltd. and Jiangsu Hailun Petrochemical Co., Ltd., with a case number 40292, Shanghai 0115, with a target amount of 85.4038 million yuan. The company and its subsidiaries are the defendants. The judgment has now been handed down in the first instance. As of the disclosure date of this announcement, the Company has no other major litigation or arbitration matters that should have been disclosed but not disclosed. The company will carry out corresponding accounting treatment according to regulations and litigation progress, and the final impact will be based on the annual audit data.

*ST Sanfang announced that the company and its subsidiaries within the scope of the consolidated statement have not added any new lawsuits or arbitrations since the previous disclosure, and recently received a civil judgment in a lawsuit that was disclosed earlier. The case is a financial leasing contract dispute between Taiping Petrochemical Financial Leasing Co., Ltd. and Jiangsu Hailun Petrochemical Co., Ltd., with a case number 40292, Shanghai 0115, with a target amount of 85.4038 million yuan. The company and its subsidiaries are the defendants. The judgment has now been handed down in the first instance. As of the disclosure date of this announcement, the Company has no other major litigation or arbitration matters that should have been disclosed but not disclosed. The company will carry out corresponding accounting treatment according to regulations and litigation progress, and the final impact will be based on the annual audit data.