Meibang Apparel announced that the leasing contract dispute between the company and Shanghai Hongding Investment Management Co., Ltd. received a final judgment from the Shanghai No. 1 Intermediate People's Court, which rejected the appeal and upheld the original judgment. According to the ruling in the first instance, Hongding Investment is required to return the rented house and site, paying 207.5533 million yuan in rent, 967,900 yuan in arrears in utility bills, 4.15 million yuan in rent-free rent, 7.8 million yuan in cancellation penalties, and corresponding housing occupancy and use fees, overdue penalties, etc.; the company is required to return the rental deposit of 7.7825 million yuan from August 1, 2024 to March 31, 2025. Since Hongding Investment was an untrustworthy executee, there is uncertainty about whether the judgment payment can be recovered. As of the disclosure date of the announcement, the company and its holding subsidiaries added a total amount of RMB 21.9891,000 in non-major litigation and arbitration cases for 12 consecutive months, accounting for 10.46% of the most recent audited net assets.

Meibang Apparel announced that the leasing contract dispute between the company and Shanghai Hongding Investment Management Co., Ltd. received a final judgment from the Shanghai No. 1 Intermediate People's Court, which rejected the appeal and upheld the original judgment. According to the ruling in the first instance, Hongding Investment is required to return the rented house and site, paying 207.5533 million yuan in rent, 967,900 yuan in arrears in utility bills, 4.15 million yuan in rent-free rent, 7.8 million yuan in cancellation penalties, and corresponding housing occupancy and use fees, overdue penalties, etc.; the company is required to return the rental deposit of 7.7825 million yuan from August 1, 2024 to March 31, 2025. Since Hongding Investment was an untrustworthy executee, there is uncertainty about whether the judgment payment can be recovered. As of the disclosure date of the announcement, the company and its holding subsidiaries added a total amount of RMB 21.9891,000 in non-major litigation and arbitration cases for 12 consecutive months, accounting for 10.46% of the most recent audited net assets.