Beiba Media announced on August 14 that Beijing Bus Advertising Co., Ltd., a wholly-owned subsidiary of the company, filed a lawsuit against Hainan Baima Advertising Media Investment Co., Ltd. in the Beijing Second Intermediate People's Court due to a lease contract dispute. The amount involved was 152 million yuan and the corresponding overdue payment penalty of 28.985,800 yuan. Recently, the plaintiff received the “Notice of Acceptance of the Case by the Beijing Second Intermediate People's Court” and other relevant litigation materials served by the court. As of the disclosure date of this announcement, the case has not yet been heard in court.

Beiba Media announced on August 14 that Beijing Bus Advertising Co., Ltd., a wholly-owned subsidiary of the company, filed a lawsuit against Hainan Baima Advertising Media Investment Co., Ltd. in the Beijing Second Intermediate People's Court due to a lease contract dispute. The amount involved was 152 million yuan and the corresponding overdue payment penalty of 28.985,800 yuan. Recently, the plaintiff received the “Notice of Acceptance of the Case by the Beijing Second Intermediate People's Court” and other relevant litigation materials served by the court. As of the disclosure date of this announcement, the case has not yet been heard in court.