The Dongwang Era recovery case has been closed, and compulsory enforcement will be applied for the overdue debts.

Zhejiang Dongwang Times Technology Co., Ltd. announced the progress of the litigation matter. The case has been concluded, with the company as the plaintiff and the amount involved in the case being 90.5564 million yuan. Previously, the company guaranteed for Huanyu Energy, resulting in a judicial deduction of 110 million yuan until 2024. Subsequently, a recovery litigation reached a settlement. However, the debtor did not fulfill the terms of the settlement agreement, and all debts are now considered overdue. The company will apply for compulsory execution to the court, but there is uncertainty in the application process. The company will comprehensively assess the impact on the financial statements for the reporting period. As of the announcement date, the company has no other major litigation or arbitration matters that have not been disclosed. The company will continue to disclose any developments and remind investors to pay attention to the risks.