According to Fuhuang Steel's announcement, as of the disclosure date, the company and its holding subsidiaries had accumulated a total of about 908 million yuan in lawsuits for 12 consecutive months, exceeding 10% of the absolute value of the most recent audited net assets. Among them, the amount involved as a plaintiff was 671 million yuan, and the amount involved as a defendant, third party, etc. was 237 million yuan. Most of the cases involved are routine business contract disputes. Cases where the company is the plaintiff will strengthen money recovery, and the defendant will actively respond to the lawsuit. Since some cases have not been decided and the impact on profits cannot be determined, the company will closely monitor the progress and disclose it.

According to Fuhuang Steel's announcement, as of the disclosure date, the company and its holding subsidiaries had accumulated a total of about 908 million yuan in lawsuits for 12 consecutive months, exceeding 10% of the absolute value of the most recent audited net assets. Among them, the amount involved as a plaintiff was 671 million yuan, and the amount involved as a defendant, third party, etc. was 237 million yuan. Most of the cases involved are routine business contract disputes. Cases where the company is the plaintiff will strengthen money recovery, and the defendant will actively respond to the lawsuit. Since some cases have not been decided and the impact on profits cannot be determined, the company will closely monitor the progress and disclose it.