*ST Zhuoran announced that the company and its wholly-owned subsidiary Zhuoran Jingjiang received lawsuit materials delivered by the People's Court of Huian County, Fujian Province. The plaintiff, Huawei, sued Zhuoran Jingjiang payment project to increase project arrears and losses totaling 144.56 million yuan and corresponding capital occupation interest and return of 53,700 yuan of salary payments. The company was jointly and severally liable for the settlement of the aforementioned debt, and also required the relevant parties to bear the costs of litigation costs, security fees, etc. At present, the court has filed and accepted the case. The case has moved to the pre-trial mediation stage. No court hearing has yet been held. There is still uncertainty about the final outcome and the impact on the company's profits and losses.

*ST Zhuoran announced that the company and its wholly-owned subsidiary Zhuoran Jingjiang received lawsuit materials delivered by the People's Court of Huian County, Fujian Province. The plaintiff, Huawei, sued Zhuoran Jingjiang payment project to increase project arrears and losses totaling 144.56 million yuan and corresponding capital occupation interest and return of 53,700 yuan of salary payments. The company was jointly and severally liable for the settlement of the aforementioned debt, and also required the relevant parties to bear the costs of litigation costs, security fees, etc. At present, the court has filed and accepted the case. The case has moved to the pre-trial mediation stage. No court hearing has yet been held. There is still uncertainty about the final outcome and the impact on the company's profits and losses.