*ST Chunxing announced that the leasing contract dispute between Yuansheng Zhihui, a holding subsidiary of the company, against Shenzhen Haoyunniao Industrial Co., Ltd. was decided in the first instance. The court ordered the defendant to pay RMB 120,0354 million in rent and late payment liquidated damages to Yuansheng Zhihui, and dismissed other lawsuits filed by Yuansheng Zhihui. This judgment is a first instance judgment. There is uncertainty about subsequent progress and implementation, and the impact on the company's profits is uncertain. As of the disclosure date of the announcement, the cumulative amount of pending lawsuits and arbitrations of the company and its subsidiaries has exceeded 100% of the 2025 audited net assets. If related lawsuits and arbitration are lost, it may increase the pressure on the company's capital and present liquidity risks.

*ST Chunxing announced that the leasing contract dispute between Yuansheng Zhihui, a holding subsidiary of the company, against Shenzhen Haoyunniao Industrial Co., Ltd. was decided in the first instance. The court ordered the defendant to pay RMB 120,0354 million in rent and late payment liquidated damages to Yuansheng Zhihui, and dismissed other lawsuits filed by Yuansheng Zhihui. This judgment is a first instance judgment. There is uncertainty about subsequent progress and implementation, and the impact on the company's profits is uncertain. As of the disclosure date of the announcement, the cumulative amount of pending lawsuits and arbitrations of the company and its subsidiaries has exceeded 100% of the 2025 audited net assets. If related lawsuits and arbitration are lost, it may increase the pressure on the company's capital and present liquidity risks.