Oak Co., Ltd. announced that the company's civil lawsuit against Jinshida and Jiaye Petrochemical for not fulfilling their obligation to indemnify the holding subsidiary Sichuan Oak's solvent oil plant has entered the execution stage. The Liaoyang Intermediate Court decided to auction 12.25% of Sichuan Oak's shares held by Jiaye Petrochemical because the executee failed to fulfill the obligation to pay 409.183,000 yuan of impairment compensation and overdue payment losses as determined in the effective judgment, and the company enjoyed priority purchasing rights. The execution results of this case are uncertain and will not adversely affect the company's current and subsequent profits.

Oak Co., Ltd. announced that the company's civil lawsuit against Jinshida and Jiaye Petrochemical for not fulfilling their obligation to indemnify the holding subsidiary Sichuan Oak's solvent oil plant has entered the execution stage. The Liaoyang Intermediate Court decided to auction 12.25% of Sichuan Oak's shares held by Jiaye Petrochemical because the executee failed to fulfill the obligation to pay 409.183,000 yuan of impairment compensation and overdue payment losses as determined in the effective judgment, and the company enjoyed priority purchasing rights. The execution results of this case are uncertain and will not adversely affect the company's current and subsequent profits.