Langfang Development: Involved in a major lawsuit of 48.9 million yuan, will actively respond to the lawsuit.

Langfang Development Announcement states that they recently received a summons from the People's Court of Tongzhou District, Beijing, and an application from the People's Court of Xicheng District, Beijing regarding additional defendants in a lawsuit. Due to a debt dispute between the company in which they hold shares, Tie Tong Huaxia Telecom, and Beijing Tiandi Jiahe Real Estate Development Co., Ltd., the court ruled in favor of Tiandi Jiahe and the execution has been completed. Tiandi Jiahe has applied for Langfang Development to bear joint and several liability for supplementary compensation within the investment range of 48.902 million RMB, citing alleged false capital contribution by Tie Tong Huaxia. The case has not yet been heard, and the company will actively defend the interests of the company and shareholders. The impact on the company's financials will be evaluated and disclosed in the future.