Mongolian Grassland Ecology: The principal of 135 million yuan trust products that have expired has not been received.

Mengcao Ecological Announcement stated that, as previously disclosed, the company's subsidiaries, Qinxiao Natural and Qinxiao Ecological, used their own funds to subscribe to the trust product "Shaanxi International Trust's Shaan Guotou Fondo Dongxin City Development Fund Collective Capital Trust Plan". As of the disclosure date of this announcement, Qinxiao Natural has not received the principal of the expired trust product, amounting to 85 million yuan; Qinxiao Ecological has not received the principal of the expired trust product, amounting to 50 million yuan. The recovery of the balance of this trust plan is uncertain, and the impact on the company's current and future profits is also uncertain.