Paulette announced that due to contractual disputes with plaintiffs such as Suzhou Junying Industrial Investment Company, the plaintiff filed a lawsuit with the Suzhou Intermediate People's Court and applied for asset preservation. The company's general account in an industrial and commercial bank branch of the Industrial and Commercial Bank of China had funds of 64.4 million yuan frozen, accounting for 5.66% of the company's latest audited net assets and 9.51% of the audited monetary funds. This freeze has not touched on the situation where major bank accounts have been frozen, and will not have a significant impact on the company's daily business activities. The relevant lawsuit has not yet been tried.

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