Xinwanda: Subsidiary Xinwanda Power Technology Co., Ltd. is involved in a lawsuit with a sum of approximately 2.314 billion RMB.

Xinwanda announcement, the company's subsidiary Xinwanda Power Technology Co., Ltd. is the defendant in a sales contract dispute lawsuit brought by Weir Electric Vehicle Technology Co., Ltd. The amount involved is 2.314 billion RMB, and the case has not yet been heard in court. The plaintiff claims that the defendant delivered battery cells with quality issues between June 2021 and December 2023, causing losses to the plaintiff. The company stated that its production and operation are currently normal, but it cannot assess the impact of this lawsuit on the company's current or future profits, and will make corresponding accounting treatments based on the progress of the case.