Bohui Co., Ltd. announced that the company and Fu Chen Co., Ltd. signed a “Settlement Agreement”, agreeing that Fu Chen Co., Ltd. will pay a one-time settlement amount of 7.5 million US dollars or the same amount of RMB and withdraw the Tianjin lawsuit. The company will no longer continue to conduct arbitration related legal proceedings against Fu Chen Co., Ltd. and resolve the major litigation and arbitration matters involved in a package. As of the date of disclosure of the announcement, the company had received a settlement of 7.5 million US dollars, Fu Chen Co., Ltd. had withdrawn the Tianjin lawsuit, and the Tianjin Third Intermediate People's Court had ruled to allow it to withdraw the lawsuit.

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