ST Cloud Network announced that the company received legal documents delivered by the People's Court of Gaoyou City, Jiangsu Province. Gaoyou Xingqu Construction Co., Ltd. sued the company on the grounds of a private loan dispute. The amount involved was 49 million yuan. The case has been filed and accepted yet to be heard. The plaintiff requested that the company be ordered to repay the principal amount of the loan of 49 million yuan and corresponding interest and penalty interest, enjoy priority compensation for the company's shares of Zhongke Yunwang New Energy Technology Co., Ltd., and bear related lawsuits and lawyers' fees. Furthermore, in the first instance of the stock repurchase contract dispute between the company and Qin Mouwei, the company paid a repurchase price of 11.948 million yuan; the dispute between the subsidiary Zhongke Gaoyou and Blue Ocean Robotics has been settled. The impact of this lawsuit on the company's profits cannot be determined yet.

ST Cloud Network announced that the company received legal documents delivered by the People's Court of Gaoyou City, Jiangsu Province. Gaoyou Xingqu Construction Co., Ltd. sued the company on the grounds of a private loan dispute. The amount involved was 49 million yuan. The case has been filed and accepted yet to be heard. The plaintiff requested that the company be ordered to repay the principal amount of the loan of 49 million yuan and corresponding interest and penalty interest, enjoy priority compensation for the company's shares of Zhongke Yunwang New Energy Technology Co., Ltd., and bear related lawsuits and lawyers' fees. Furthermore, in the first instance of the stock repurchase contract dispute between the company and Qin Mouwei, the company paid a repurchase price of 11.948 million yuan; the dispute between the subsidiary Zhongke Gaoyou and Blue Ocean Robotics has been settled. The impact of this lawsuit on the company's profits cannot be determined yet.