Ningbo Zhongbai (600857.SH) received a court's enforcement ruling.

Ningbo Zhongbai (600857.SH) announced that on December 25, 2024, the company received the enforcement ruling (2022) Lu02 Zhi924 No.22 from the Intermediate People's Court of Qingdao City, Shandong Province. The criminal judgment (2016) Lu02 XingChu 148 made by the Intermediate People's Court of Qingdao City, Shandong Province has already taken legal effect. Due to the failure of the judgment debtor to fulfill the obligations determined by the effective legal documents, the financial part of the criminal judgment has been transferred for enforcement. The investigating authority has sealed and frozen the relevant properties involved in the case. After the case was transferred for trial, the Intermediate People's Court of Qingdao City, Shandong Province has taken further sealing and freezing measures. The case has now entered the enforcement procedure, and in accordance with the provisions of the Civil Procedure Law of the People's Republic of China Article 255, 258, and the Supreme People's Court's Several Provisions on the Enforcement of the Financial Part of Criminal Judgments Article 5, 12, 16, it is ruled as follows: The auction registration holder, Tibet Zetian Investment Development Co., Ltd., shall sell 35,405,252 unrestricted circulating shares of the listed company Ningbo Zhongbai (stock code: 600857); The registration holder, Zhu Renbao, shall sell 18,884,000 unrestricted circulating shares of the listed company Ningbo Zhongbai (stock code: 600857).