According to Huanrui Century's announcement, the contract dispute between the company and Zhong Junyan, Chen Yuan, Zhong Jinzhang, Chen Ping, and Zhejiang Huanrui was decided by the Beijing Financial Court in the first instance: the five defendants had to transfer a total of 115,566,179 shares of the company to the company at a total price of 1 yuan and cancel them, and pay cash compensation of 7.66 yuan/share for the shortfall; the five defendants also had to pay 1.3 million yuan in legal fees to cover the case handling fee of RMB 3.6978 million, preservation fees of 5,000 yuan, and notice fees. This judgment has not yet entered into force. The parties concerned can appeal, and the defendant's shares have been judicially frozen and enforced. There is significant uncertainty about the execution of the judgment, and the impact on the company's profits is uncertain.

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