According to the Gold Mantis announcement, Suzhou Meiruide Building Decoration Co., Ltd., a subsidiary of the company, was included in the list of untrustworthy executioners by the People's Court of Saihan District of Hohhot City for violating the property reporting system and not fulfilling all of its obligations under the legal documents in force of 263,200 yuan. Meride and its subsidiary, Suzhou Meride Building Materials Co., Ltd., were frozen due to a contractual dispute. The total amount of funds frozen was 58.3865 million yuan, accounting for 0.42% of the company's most recent audited net assets and 1.11% of the audited monetary funds. This matter has not had a significant impact on the company's daily operations, and the company is striving to properly resolve related matters as soon as possible.

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