Qiangyi Co., Ltd. announced that the company previously sued Shanghai Taosheng Electronic Technology Co., Ltd. and Suzhou Jingsheng Microelectronics Technology Co., Ltd. for infringement of technical secrets. The original lawsuit amount was 25.78 million yuan, and later changed the lawsuit to order the second defendant to jointly indemnify 5 million yuan for infringement losses. After filing an application for withdrawal, the company recently received a “Civil Ruling” from the Suzhou Intermediate People's Court of Jiangsu Province, permitting the company to change the lawsuit and withdraw the lawsuit. The withdrawal of the lawsuit will not have a negative impact on the company's daily production and operation and current and future profit and loss. Other than this lawsuit, the company and its wholly-owned subsidiaries have no other lawsuits or arbitration matters that should be disclosed.

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