Ningbo Construction Engineering announced that its holding subsidiary Municipal Group filed a lawsuit with the Ningbo Intermediate People's Court because three defendants, including Xi'an Fengdong Real Estate, failed to return the principal and interest of the trust plan on time. In November 2023, the municipal group purchased a 300 million yuan trust plan and reached a settlement after a lawsuit due to the defendant's failure to pay interest on schedule. The payment period for the settlement agreement has expired, and the defendant has still not performed its contract. The principal amount involved in the case was 300 million yuan, interest and liquidated damages of $458.897 million, for a total of $346 million. The case is in the processing stage, and the impact on the company's profits is uncertain.

Ningbo Construction Engineering announced that its holding subsidiary Municipal Group filed a lawsuit with the Ningbo Intermediate People's Court because three defendants, including Xi'an Fengdong Real Estate, failed to return the principal and interest of the trust plan on time. In November 2023, the municipal group purchased a 300 million yuan trust plan and reached a settlement after a lawsuit due to the defendant's failure to pay interest on schedule. The payment period for the settlement agreement has expired, and the defendant has still not performed its contract. The principal amount involved in the case was 300 million yuan, interest and liquidated damages of $458.897 million, for a total of $346 million. The case is in the processing stage, and the impact on the company's profits is uncertain.