Xingyun Technology announced that the company sued Xiao Siqing, Xiao Yan, She Chan, and Tang Shilian in the transfer dispute of Hong Kong Youkeshu E-Commerce Co., Ltd., holding subsidiaries Shenzhen Youkeshu Technology Co., Ltd., Hong Kong Youkeshu, and Fan Boping as third parties. They have received a notice to file a case from the Changsha Intermediate People's Court of Hunan Province, and no trial has yet been held. The company's lawsuit included confirmation of the invalidity of the two equity transfer agreements involved in the case, the return of 100% of Hong Kong Youkeshu's shares or discount compensation, joint compensation for financial losses by the four defendants, and the handover of relevant records and seals. As of the disclosure date of the announcement, the total amount of the company's other lawsuits and arbitration that did not meet the disclosure standards was about 6.7091 million yuan, accounting for 0.73% of the latest audited net assets. There is still uncertainty about the final outcome of this lawsuit and its impact on profits.

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