*ST Zhengping Added 47 Litigation and Arbitration Matters with Total Disputed Amount of 37.9125 Million Yuan

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*ST Zhengping (rights protection) (Stock code: 603843) recently announced the progress and new developments of litigation and arbitration cases involving the company and its subsidiaries. The announcement shows that there are a total of 47 new litigation and arbitration cases, involving a total amount of 37.9125 million yuan (unaudited), accounting for approximately 10.12% of the company’s latest audited net assets attributable to shareholders. In these new cases, the company and its subsidiaries are all defendants/applicants, with cases pending trial, already trialed but not yet judged, or judged (including mediated) and currently in enforcement.

The announcement also discloses the progress of previously disclosed litigation and arbitration cases. Among them, a sales contract dispute case where subsidiary Qinghai Luotuo Engineering Facilities Manufacturing Group Co., Ltd. acted as plaintiff has been first-instance judged and entered enforcement, involving 686,700 yuan. In cases where the company and its subsidiaries are defendants/applicants, multiple loan contract disputes initiated by Qinghai Bank Co., Ltd. Chengbei Branch have been withdrawn, involving over 260 million yuan; some loan contract disputes initiated by Jiujiang Bank Longnan Branch, Industrial Bank Co., Ltd. Xining Branch, and others are in stages of trial but not yet judged or judged but not yet paid.

Among the 47 newly added litigation and arbitration cases, the progress is divided as follows:

Regarding the causes of action, the newly added cases mainly include sales contract disputes, construction engineering contract disputes, labor disputes, and labor service contract disputes. Major cases include a construction engineering contract dispute filed by Anhui Shenjie Municipal Garden and Landscaping Co., Ltd. (5,078,900 yuan), and a contracting dispute filed by Sanmen County Haixin Highway Maintenance Co., Ltd. (7,989,800 yuan).

*ST Zhengping states that the amount involved in the newly added litigation and arbitration cases is the amount claimed by the opposing party at the time of filing, and does not represent the final liability the company must bear. The actual impact will be based on the final effective judgment or ruling by the court (arbitration institution). The company will conduct appropriate accounting treatment in accordance with enterprise accounting standards and actual circumstances, and will continue to monitor the progress of these cases, fulfilling information disclosure obligations in a timely manner. Investors are advised to invest rationally and be aware of investment risks.

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Editor: Xiao Lang Kuai Bao