SILVER GRANT (00171) received a civil complaint issued by the Intermediate People's Court of Guangzhou City, Guangdong Province.

SILVER GRANT (00171) issued an announcement, the board of directors of the company announced that the company has received the following civil complaint issued by the Intermediate People's Court of Guangzhou, Guangdong Province: Claimant A has filed a civil complaint (Civil Complaint A) against (including) (1) Beijing Donghuan; (2) Winner Property; (3) Guangdong Zhuguang; (4) the company; and (5) Mr. Zhu (collectively referred to as Defendant A) for breach of trust loan agreement A. Claimant A claims that since January 20, 2024, Beijing Donghuan has failed to repay the entrusted loan A according to the terms of trust loan agreement A. Therefore, Claimant A claims that Beijing Donghuan has breached trust loan agreement A, and Beijing Donghuan must immediately repay the outstanding principal along with all accrued interests, default interests, etc., while the defendants (excluding Beijing Donghuan) must assume their respective guarantee responsibilities (Claim A). Claimant B has filed a civil complaint (Civil Complaint B) against (including) (1) Beijing Donghuan; (2) Winner Property; (3) Guangdong Zhuguang; (4) the company; and (5) Mr. Zhu (collectively referred to as Defendant B) for breach of trust loan agreement B. Claimant B claims that since January 20, 2024, Beijing Donghuan has failed to repay the entrusted loan B according to the terms of trust loan agreement B. Therefore, Claimant B claims that Beijing Donghuan has breached trust loan agreement B, and Beijing Donghuan must immediately repay the outstanding principal along with all accrued interests, default interests, etc., while the defendants (excluding Beijing Donghuan) must assume their respective guarantee responsibilities (Claim B, together with Claim A collectively referred to as such claims). The amount claimed by Claimant A includes (i) outstanding principal of RMB 1.78 billion; (ii) outstanding interest payable until November 28, 2025, of approximately RMB 323 million; (iii) overdue principal repayment expenses of approximately RMB 20.91 million; (iv) overdue interest repayment expenses of approximately RMB 561.57 million; (v) commission of approximately RMB 15.14 million and additional fees of approximately RMB 6.731 million; and (vi) default additional fees of approximately RMB 3.76 billion, totaling approximately RMB 25.78 billion. The amount claimed by Claimant B includes (i) outstanding principal of RMB 1 billion; (ii) outstanding interest payable until November 28, 2025, of approximately RMB 180.47 million; (iii) overdue principal repayment expenses of approximately RMB 5.38 million; (iv) overdue interest repayment expenses of approximately RMB 33.73 million; (v) commission of approximately RMB 3 million and default additional fees of approximately RMB 20 million, totaling approximately RMB 1.42 billion. The final amount of such claims will be determined by the court's final judgment. The company is currently in discussions with Claimant A and Claimant B on a settlement plan, and once the settlement plan is agreed upon by all parties, the company will announce it at an appropriate time. The company will engage legal advisors in the People's Republic of China to handle such claims as needed.