According to a notice on the progress of litigation matters issued by the Bank of Shanghai on July 7, 2026, the Guangdong Higher People's Court handed down Civil Judgment No. 1719. The main contents of the judgment are as follows: 1. The appellant shall repay the principal amount of the loan amount of 2.58 billion yuan to the Shenzhen branch of the company within 10 days from the date of entry into force of this judgment, the interest of 128,676170.25 yuan as of June 16, 2022; the penalty as of August 31, 2023 is 2580,000,000 yuan. The base amount is calculated according to the 7.5% annual interest rate standard until the date of settlement; compound interest of 2414464.48 yuan as of June 16, 2022, and compound interest calculated according to the 7.5% annual interest rate standard from June 17, 2022, based on interest arrears of 128,676170.25 yuan until the date of actual payment of interest; 2. The first instance judgment upheld items 2, 3, 4, and 5. The first-instance case processing fee was 1485,2926.33 yuan, and the preservation application fee was 5,000 yuan, totaling 148,57926.33 yuan. The Shenzhen branch of the Bank of Shanghai paid 6371.02 yuan. Shenzhen Togis Technology Co., Ltd., Shenzhen Shenye Logistics Group Co., Ltd., Torgis Group Co., Ltd., Shenzhen Baoneng Investment Group Co., Ltd., Baoneng Holdings Co., Ltd., and Yao Zhenhua jointly covered 14851555.31 yuan. The processing fee for the second instance case was 399.72 yuan, the Shenzhen branch of the Bank of Shanghai paid 283.8 yuan, and Shenzhen Togis Technology Co., Ltd. paid 115.92 yuan. Since appellants 2 and 3 failed to pre-pay the handling fee for the second instance case within the specified period, the Guangdong Higher People's Court issued Civil Ruling No. 1719, ruling that the appeal was automatically withdrawn for processing according to appellants 2 and 3. The Bank of Shanghai stated in an announcement that this judgment and ruling are final judgment documents.

According to a notice issued by the Bank of Shanghai on July 7, 2026 on the progress of litigation matters, after trial, the Guangdong Higher People's Court handed down Civil Judgment No. 1719. The main contents of the judgment are as follows: 1. The appellant shall repay the principal amount of the loan amount of 2.58 billion yuan to the Shenzhen branch of the company within 10 days from the date of entry into force of this judgment, the interest of 128,676170.25 yuan as of June 16, 2022; the penalty as of August 31, 2023 is 2580,000,000 yuan The base amount is calculated according to the 7.5% annual interest rate standard until the date of settlement; compound interest of 2414464.48 yuan as of June 16, 2022, and compound interest calculated according to the 7.5% annual interest rate standard from June 17, 2022, based on interest arrears of 128,676170.25 yuan until the date of actual payment of interest; 2. The first instance judgement was upheld. The first-instance case processing fee was 1485,2926.33 yuan, and the preservation application fee was 5,000 yuan, totaling 148,57926.33 yuan. The Shenzhen branch of the Bank of Shanghai paid 6371.02 yuan. Shenzhen Togis Technology Co., Ltd., Shenzhen Shenye Logistics Group Co., Ltd., Torgis Group Co., Ltd., Shenzhen Baoneng Investment Group Co., Ltd., Baoneng Holdings Co., Ltd., and Yao Zhenhua jointly covered 14851555.31 yuan. The processing fee for the second instance case was 399.72 yuan, the Shenzhen branch of the Bank of Shanghai paid 283.8 yuan, and Shenzhen Togis Technology Co., Ltd. paid 115.92 yuan. Since appellants 2 and 3 failed to pre-pay the handling fee for the second instance case within the specified period, the Guangdong Higher People's Court issued Civil Ruling No. 1719, ruling that the appeal was automatically withdrawn for processing according to appellants 2 and 3. The Bank of Shanghai stated in an announcement that this judgment and ruling are final judgment documents.