Beijing Bank: The lawsuit involving Kangde Xin's false statements regarding securities has been transferred to the Suzhou Intermediate People's Court for handling.

On May 14th, Beijing Bank announced that the lawsuit filed by Zhejiang Zhongtai Chuangying Asset Management Co., Ltd. against Kangde Xin Composite Materials Group Co., Ltd. for securities false statement liability dispute has now been transferred to Suzhou Intermediate People's Court for acceptance.