Qianxin announced that the company and its wholly-owned subsidiary Qianxin Wangshen Information Technology Co., Ltd. received a final ruling from the Beijing Arbitration Commission on the share repurchase dispute involving Shanghai Sailian Information Technology Co., Ltd., as arbitration claimants. The arbitration award was that Zhao Xingguo, Sun Wen, and Wenhui Yuan were limited to the disposal price of their respective shares held by Shanghai Sailian, to pay the applicant a total of 200 million yuan of the principal amount of the share repurchase amount and corresponding interest. In addition, they were also required to pay a total of 1.3519 million yuan in lawyers' fees, security insurance premiums, arbitration fees, etc. The total amount involved in the above case was 292 million yuan. The respondent was required to pay within 15 days from the date the award was delivered. Currently, the ruling has not been implemented, the execution is uncertain, and it is not possible to determine the specific impact on the company's profits. This ruling has no significant adverse effect on the company.

Qianxin announced that the company and its wholly-owned subsidiary Qianxin Wangshen Information Technology Co., Ltd. received a final ruling from the Beijing Arbitration Commission on the share repurchase dispute involving Shanghai Sailian Information Technology Co., Ltd., as arbitration claimants. The arbitration award was that Zhao Xingguo, Sun Wen, and Wenhui Yuan were limited to the disposal price of their respective shares held by Shanghai Sailian, to pay the applicant a total of 200 million yuan of the principal amount of the share repurchase amount and corresponding interest. In addition, they were also required to pay a total of 1.3519 million yuan in lawyers' fees, security insurance premiums, arbitration fees, etc. The total amount involved in the above case was 292 million yuan. The respondent was required to pay within 15 days from the date the award was delivered. Currently, the ruling has not been implemented, the execution is uncertain, and it is not possible to determine the specific impact on the company's profits. This ruling has no significant adverse effect on the company.