Hailu Heavy Industries announced that the company had previously filed an arbitration dispute with Wu Weiwen and Jubaohang, requesting that the other party transfer all of the company's shares to a designated account, cooperate with the company to repurchase and cancel the shares at a total price of 1 yuan and bear related expenses. The relevant shares have been judicially frozen, and the arbitration process was suspended. Recently, the company received a decision from the Suzhou Arbitration Commission. Since Wu Weiwen has been accepted for supervision and arbitration proceedings have resumed, the company changed the arbitration request and applied for an additional 800 million yuan in cash compensation for Wu Weiwen. As of the date of disclosure of the announcement, the arbitration has not yet been heard, and the final impact is subject to the ruling.

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