Electronic City: Subsidiary sues Hui Gang Investment Company and Air Drop Group, involving a total amount of 777 million yuan.

The announcement of the Electronic City states that its wholly-owned subsidiary, Kunming Company, has filed a lawsuit against Huigang Investment Company for failure to pay the repurchase amount, amounting to 684 million yuan, to the Intermediate People's Court of Kunming City, Yunnan Province. They are also requesting the payment of overdue payment default interest, and demanding that Kongtai Group assume joint and several liability. The amount involved in the case is temporarily set at 777 million yuan. The case has not yet been heard in court, and there is uncertainty about the impact on the company's current or future profits.