*ST Qihuan announced that up to now, the total amount of unsettled lawsuits and arbitration matters of the company and its holding subsidiaries is 1,641 million yuan, accounting for 70.73% of the absolute value of the company's most recent audited net assets; of these, the total amount of pending arbitration as plaintiffs is 679 million yuan, and the total amount of unsettled arbitration amounts as defendants is 962 million yuan. Some of the cases involved in the previous phase have already been adjudicated or settled, and the total amount of judgments pending execution is about 8.703 billion yuan. The company is promoting measures such as accounts receivable collection and asset disposal to mitigate the risks involved in lawsuits. In addition, the company recently received progress in 3 lawsuits, including 1 case where the second trial of a financial loan dispute upheld the original judgment, 1 case where real estate involved in a financial loan dispute entered the evaluation and auction process, and 1 case where the first instance of a construction project dispute won a total of about 165.632 million yuan in project payments and interest.

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