Wencan Corporation: The final amount of the assessment for the Mexican subsidiary is determined to be 93,061,400 Mexican pesos.

Wencan Holdings announced that its subsidiary in Mexico, LBQ, has made progress in the ongoing dispute with the Mexican tax authorities over the double payment of value-added tax. Recently, LBQ negotiated with the tax authorities to determine the final amount in dispute to be 93.0614 million Mexican pesos, with the value-added tax amounting to 58.6029 million Mexican pesos and penalties and other fees reduced to 34.4585 million Mexican pesos, with all penalties waived.