Xiangtan Electric Machinery: Subsidiary's raised capital of 352,100 yuan frozen.

Xiangtan Electric Motor announced that a portion of the funds in the fundraising account of its holding subsidiary, Hunan Xiang Electric Motor Electric Engineering Co., Ltd., has been frozen, with a frozen amount of 352,100 yuan. Among them, 330,600 yuan was frozen by the pre-litigation property preservation of the People's Court of Yao'an County, Yunnan Province due to a dispute with Yunnan Hongsheng Electric Power Industrial Co., Ltd.; 21,500 yuan was frozen by the enforcement of the People's Court of Wangcheng District, Changsha City due to a sales contract dispute with China Coal Geological Environmental Technology Co., Ltd. This amount accounts for 0.004% of the company's most recently audited net assets and will not have a significant impact on the company. The company is taking measures to resolve this issue.