Haiwang Biological: The total amount of new accumulated lawsuits and arbitrations amounts to approximately 297 million yuan.

Ocean King Biology announced that as of the disclosure date of this announcement, the total amount of new cumulative litigation and arbitration of the company and its subsidiaries amounted to approximately 297 million yuan, accounting for 10.45% of the absolute value of the company's most recent audited net assets. Among them, the total amount of litigation involving the company and its subsidiaries as plaintiffs or applicants is approximately 234 million yuan; the total amount of litigation cases involving the company and its subsidiaries as defendants or respondents is 62.8172 million yuan.