Nanjing Central Shopping Mall applies for confirmation of the effectiveness of the arbitration agreement, involving 51.995 million yuan.

Nanjing Central Department Store Co., Ltd. announces the progress of arbitration. Due to a lease contract dispute with Xuzhou and Ruihua Property Asset Management Co., Ltd., Xuzhou and Ruihua filed for arbitration. On September 16, 2025, Central Department Store applied to the Intermediate People's Court of Nanjing City, Jiangsu Province to confirm the validity of the arbitration agreement. On September 22, they received the notice of acceptance, and the case has not yet been heard in court. Central Department Store believes that the arbitration clause in the "Supplementary Lease Agreement" is unclear and constitutes "arbitration or litigation", and should be considered invalid. The amount involved in the case is 51,995,000 yuan, and the impact of the lease payment on the company's profits is uncertain as the case has not been formally heard. The company reminds investors to be aware of the risks.