According to Beinbeauty's announcement, the sales agency contract dispute between the company and Zhejiang Kelubao Food Co., Ltd. ruled in the first instance that Colubao compensated the company for losses of 1,768,700 yuan, and that the company refunded the license fee of 3.69 million yuan for Colubao. Colubao filed an appeal against the judgment of the first instance. The total amount of the appeal request was RMB 90.55 million. Currently, the court of second instance has accepted it and has not yet held a trial. The company is the defendant in the second instance. There is still uncertainty about the final outcome of this lawsuit and its impact on the company's profits, and the company will actively respond to the lawsuit.

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