Shanghai Yashi announced that Hubei Yashi, a wholly-owned subsidiary of the company, was sued by Laiwu Hi-Tech due to a contract dispute involving 409.836 million yuan. The court has already filed a case and has not yet held a hearing. Meanwhile, Laiwu Hi-Tech applied for asset preservation, and some bank accounts of Hubei Yashi were frozen, involving fund balances of RMB 8.152 million and US$26,700. The company did not approve the plaintiff's claim and unfreeze active response and communication. The final impact will be based on the court decision.

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