According to the Shanghai Film Announcement, as of the disclosure date of this announcement, the company and its holding subsidiaries had accumulated 13 lawsuits and arbitration cases in the past 12 months, involving a total amount of 283 million yuan, accounting for 16.84% of the company's most recent audited net assets. The latest of these is Shanghai Chenyun Industrial's lawsuit to cancel the property transaction contract and return 122 million yuan of equity transfer money due to objections to the valuation basis of the 51% shares transferred from Tianxia Securities in 2018. Currently, the first trial of this case has not yet been heard; the company is the defendant. The final outcome of the above case is uncertain, and it is not yet possible to determine the specific impact on the company's profits.

According to the Shanghai Film Announcement, as of the disclosure date of this announcement, the company and its holding subsidiaries had accumulated 13 lawsuits and arbitration cases in the past 12 months, involving a total amount of 283 million yuan, accounting for 16.84% of the company's most recent audited net assets. The latest of these is Shanghai Chenyun Industrial's lawsuit to cancel the property transaction contract and return 122 million yuan of equity transfer money due to objections to the valuation basis of the 51% shares transferred from Tianxia Securities in 2018. Currently, the first trial of this case has not yet been heard; the company is the defendant. The final outcome of the above case is uncertain, and it is not yet possible to determine the specific impact on the company's profits.